Generous of them to say second largest when they are really the first largest
this post was submitted on 03 Dec 2024
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chapotraphouse
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Dont hurt America's feelings.
This must be a last ditch effort of China to revamp their economy, I keep reading it's due to collapse.
Any day now...
Based and 
pilled
How can they still call China a "developing economy" when by many measures it is the world's largest economy?
"developing" in this sense usually refers more to GDP per capita and other measures. China is the world's largest economy, but even in Purchasing Power Parity terms it's 75th (on a per capita basis), similar to places like Mexico and Thailand. In many measures a Chinese person living in Shanghai lives a life that is almost indistinguishable from say an American in New York City, but there are a lot of much poorer places in China that have a long way to go before they're "developed."
Developing into a bigger one 
I don't understand what that means.
"China drops all tariffs with global south" should be close enough
hey I gave you a bit of a glib answer but it seems that is exactly what is happening, check out subthread here