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Taking a look at the other indicators, China increased the number of its companies in the Fortune 500 from 103 to 124, claiming both, biggest gain and first place for itself. A direct comparison between the competitors China and the US shows that China was able to significantly improve its exports (from CS 10.5% to CS 12.2%), while the US had to record more losses here (from CS 10.7% to CS 95%). In 2016 China and the US were the leaders in terms of GDP (PPP), almost exactly tied at the top and far ahead from the chasing pack. In 2020 they are still far ahead of the chasing pack, but China has drawn ahead significantly by increasing it’s GDP CS from 16.2% to 18.3% while the US had to record minor losses (16.2% to 15.8%). The US clearly dominates the rest of the world in terms of Military Spending (CS 40%, China comes second with 12.8%, while still being quite far ahead of the other countries, third is India with CS 3,8%).
Please cite as:
Center for Global Studies (CGS) (2022). “Bonn Power Shift Monitor: China: Getting to the Top”, University of Bonn, Bonn.