Americans Erroneous View of China's Economy
Americans are wrong about China's economic strength.
Today, the big news out of Asia is that China has overtaken Japan as the world's second largest economy. But polls have indicated that Americans have believed, erroneously, that China has been the world's largest economy for a while now.
The most recent figures come from Gallup:
Rasmussen found that 45 percent of Americans polled knew their country's economy was the biggest. In January, Pew Research reported that 47 percent of Americans thought China was the world's largest economy, while only 31 percent correctly noted that the U.S. was still the world's largest.
Needless to say, it's difficult for policymakers to address issues surrounding China if so many people don't understand the actual dynamics of the relationship.