In 2014, it was widely speculated that China's economy would surpass the United States to become the world's largest. This prediction came from the World Bank’s 2011 "International Comparison Project" report, which used Purchasing Power Parity (PPP) calculations to estimate that China might overtake the U.S. in economic size that same year. While many industry experts had previously expected China to surpass the U.S. around 2020, the World Bank’s earlier forecast sparked significant global debate. According to a report by the *Financial Times*, the World Bank released its findings on April 29, stating that in 2011, China's economy reached 86.9% of the U.S. level under PPP, up from 43.1% in 2005. This indicates that China's overall economic output is steadily approaching that of the U.S. The International Comparison Project gathers comparable price and expenditure data every six years, using PPP to measure and compare economies across different countries. The *Huffington Post* reported that, based on the 2011 data and China's higher growth rate after that year, the country may have already surpassed the U.S. in total economic size. However, the Chinese National Bureau of Statistics expressed reservations about the methodology used in the report. Some media outlets, including the *Washington Post*, raised concerns about the limitations of using PPP for cross-country comparisons. They argued that exchange rates are more relevant when assessing economic strength, as they are the standard in international trade. The article also noted that even with PPP calculations, China's per capita GDP ranks 99th globally. U.S. economists like Greg McBride pointed out that while PPP reduces some statistical distortions, it still has significant errors. Stephen Schwartz, a former IMF official, stated that larger populations naturally lead to higher production, but per capita wealth remains low in China. Cao Heping, an economics professor at Peking University, said the World Bank’s report should be viewed positively but not overly celebrated. He noted that the conclusion that China became the largest economy in 2014 was reasonable. Last year, China’s GDP, calculated at the time’s exchange rate, reached $10 trillion, compared to over $16 trillion for the U.S. He added that the RMB was undervalued, as most exports were low-cost goods, while the U.S. exported high-value products like financial services and design. He emphasized that China’s total economy may have already exceeded the U.S. a couple of years earlier. It's important to distinguish between total GDP and per capita GDP. As he put it, comparing total economic size is like comparing a pile of apples and a pile of watermelons—both weighing 100,000 tons. You can’t say the apples are smaller just because their individual weight differs. China’s per capita GDP is lower, but that doesn’t mean its total economic size is smaller. Both per capita and total GDP matter, and each reflects different aspects of a country’s economic health.

Shipping Container House

Why Use Shipping Container House? Is it cost-effective?
Shipping container house have been very popular in recent years, especially many young people will use container houses. Moreover, there are many types of such container houses, and different sizes and specifications can be customized and processed according to our needs, and the construction is relatively simple. So why are containers being transformed into houses now? How about its price/performance ratio?

high strength
Because the container is used for transportation at the beginning, especially the shipping container should take into account the load-bearing capacity and durability, so the quality is generally good. Moreover, most of the containers need to be stacked for use. Even if they are used outside the city for a long time in some harsh environments, they can also guarantee good strength, so it is very reliable to transform them into houses.

low cost
Compared with the construction of traditional housing, the price of shipping container houses is still very favorable. Moreover, we can customize the processing according to the number and area of houses we need, which can also save a lot of construction costs, and there is no need to build foundations and so on. Therefore, in terms of cost, the price of container houses is still more favorable. Even if you buy a brand new container, the price is far lower than housing construction.

simple planning
In fact, the construction of shipping container houses is very simple, and they can be stacked directly, which can also ensure rapid construction. And the container can simplify the overall design, planning and transportation are very convenient, and fast construction is also guaranteed. You only need to do a good job in the basic design, and the later use of container houses is also guaranteed. The exterior walls can be graffitied, and the interior can be patterned with Rock Wool Sandwich Panel or pu Sandwich Panel. And if you want to expand the building area or shrink it, etc. , then you only need to simply add or remove the container.

Eco-friendly
The steel materials of the shipping container house can be used repeatedly, and the house is easy to disassemble. Even if it is not in use, it can be temporarily dismantled. When necessary, it can be installed twice. In this way, while reducing construction waste, it also achieves the effect of energy saving and environmental protection. Environmentally friendly high-quality container houses are also very worthy of our choice.

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Henan Jinming Metal Material Co., Ltd. , https://www.jinminghouse.com

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