China surpasses U.S. to become largest world economy

December 5, 2014 8:55 PM

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China surpasses U.S. to become largest world economy

Nov. 9, 2014 - FILE photo of woman walking past a shop in Huairou district where the g Asia-Pacific Economic Cooperation (APEC) summit met in Beijing, China. For the first time in decades, the U.S. is no longer the largest economy in the world, and China has become number one. (AP)

For the first time in decades, the U.S. is no longer the largest economy in the world, and China has become number one, the International Monetary Fund says.

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