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Economy China has one of the biggest economies in the world, second only to the United States. Goldman Sachs doesn’t think the US will hold on to the top spot for long, and that they should prepare to be knocked off their throne by 2027 as China takes the crown.. Although, if you believe The Economist, this process might happen by as early as 2019. In 2016, the Chinese economy reached $12.0 trillion, with a projection to hit $123 trillion by 2040 (just for reference, that is almost three times the total collective output of the whole world in 2000).