A new study has found that China is rapidly moving ahead to overtake the United States as the world’s largest economy as soon as this year. The new finding by the International Comparison Program (ICP), which involves the World Bank and United Nations, said on Wednesday that China in 2011 closely followed the US that has been dominating the world economy for over a century. “The size of the Chinese... 

China has accumulated enough financial resources to induce borrowers US and EU to share power, argues Arvind Subramanian, senior fellow jointly at the Peterson Institute for International Economics and the Center for Global Development. ­In an exclusive interview to RT the author of Eclipse: Living in the Shadow of China’s Economic Dominance explained how disputable currency policies from creditor...