After stagnating under Mao Zedong in the 1960s and 70s, China opened to the world in the 1980s - and took off in subsequent decades.
In 2022, China's share of the world economy shrank a bit.
China aims to reclaim the imperial status it held from the 16th to early 19th centuries, when its share of world economic output peaked at one-third, but that goal may be slipping out of reach.
China will account for none of that gain, the US will account for 45 per cent, and other emerging nations for 50 per cent.
China's slipping share of world GDP in nominal terms is not based on independent or foreign sources.
The ongoing baby bust in China has already lowered its share of the world working age population from a peak of 24 per cent to 19 per cent, and it is expected to fall to 10 per cent over the next 35 years.
In nominal dollar terms, China's GDP is on track to decline in 2023, for the first time since a large devaluation of the renminbi in 1994.
https://www.zerohedge.com/economics/chinas-share-global-economy-shrinking-fastest-pace-mao-era
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