Does Size Matter? (In the U.S. and Chinese Economies, That Is...)

Last week, President Obama’s State of the Union Address touted a U.S. economic recovery. Meanwhile, China’s economic growth is slowing and Ma Jiantang, head of the National Bureau of Statistics, has said that China’s economy, contrary to overseas media reports, has not overtaken the economy of the United States to become the largest in the world. Why does this debate persist?

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