World economy expected to double by 2050, faster than population growth. China will become world's largest economy by 2050, surpassing US in 14 years. India projected to become third largest economy by 2027. US expected to become second largest by 2037
EU leads with 17% nominal and 14.5% PPP global GDP in 2023. United States ranks second with 25.3% nominal and 15.5% PPP in 2022. China's share rose from 1.61% in 1987 to 19% in 2022. India's share declined from 24.4% in 1500 to 7.5% in 2023
Policy established by US Secretary Hay in 1899 to protect Chinese trade and territorial integrity. Policy called for equal trade access and protection of Chinese ports. Major powers initially resisted but eventually agreed to principles. Policy collapsed in 1931 when Japan seized Manchuria despite international disapproval
Ranking of top 500 corporations worldwide by revenue. Initially listed only non-US industrial companies until 1989. US companies added in 1990, financial and service providers since 1995. Some cities have inconsistent rankings of Fortune headquarters
Chinese currency is known as both Chinese yuan (CNY) and renminbi (RMB). RMB is the official currency, while CNY is its principal unit. Yuan character is used in currencies like New Taiwan Dollar and Hong Kong Dollar
Renminbi (¥) is China's official currency, also known as Chinese Yuan. CNY and CNH represent same currency but trade on different markets. CNY is onshore, traded within Mainland China. CNH is offshore, traded outside Mainland China