As China continues to grow its economy a rapid pace relative to other developed economies (at least according to their official economic numbers), China has been increasingly perceived as a top global economic power, rivaling the United States.
In order to better understand where China’s economic influence is perceived as having surpassed the US, Jeff Desjardins, at Visual Capitalist, created the following infographic which shows which countries and regions perceive the US to be the world’s top economic power and which perceive the China to be the top power.
Interestingly, it is South America, Africa, and China’s Asian neighbors that tend to perceive the US, not China, to be the predominant global economy, all regions where China has invested billions through its One Belt One Road initiation in an effort to develop economic connections. Perhaps just as surprising, it is in western Europe, Canada and Australia, where the USA finds its closest allies and many largest trading partners, that China is perceived as the top power.
Perhaps most importantly though, as we discussed recently, the wealthy in China seem to find the US more to their liking as the majority are now considering leaving China, with the US as the top destination.
P.S. If you would like to be updated via email when we post a new article, please click here. It’s free and we won’t send any promotional materials.