USA set to drop top spot

Hayling Island Lions member Rod Elliott outside Tesco, Station Road, Hayling Island

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AN economic milestone is expected to occur in 2014 with China likely to overtake the USA to become the world’s largest economy in Purchasing Power Parity or PPP terms.

According to a new white paper released yesterday from Euromonitor International, China and the USA may be economic rivals but beyond the headlines divergent trends in both countries are apparent.