How Big Is China? The Washington Post Doesn't Have a Clue

The Washington Post had a front page column that waxed philosophically on the meaning of the debt downgrade by S&P. It concluded by telling readers:

"The U.S. economy is still nearly three times the size of China's."

According to the IMF's projections, the United States economy is currently less than 40 percent larger than China's on a purchasing power parity basis. The IMF projects that China will surpass the United States as the world's largest economy by the end of the term of the...