We have watched the Chinese economy explode with annual GDP growth in the double digit arena over the past two decades to where China surpassed the U.S. in 2014 to become the largest world economy by producing over $17.6 trillion in terms of goods and services. Just 14 years earlier the U.S. produced nearly three times as much as the Chinese. At the end of the day, China accounts for approximately 16.5% of the global economy versus the U.S. with 16.3%. However, it is important to note that although China's economy may be the world's largest it's still not the richest. GDP per head is still less than a quarter of U.S. levels.
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