Branko Milanovic
Notice an obvious thing. US current nominal GDP is some $30 trillion; Chinese, around $20 trillion. The gap is 50%. Yuan appreciation by 30% would --with zero change in anything-- make Chinese GDP about $26 trilion, and thus within 20% of the American. This would bring the "sorpasso" within striking distance.
Branko Milanovic
Want China to Revalue the Yuan? Stop Saying “Plaza Accord.” New piece by @JulianGewirtz https://juliangewirtz.substack.com/p/want-china-to-revalue-the-yuan-stop