The U.S.-China relationship is one of the world’s most consequential bilateral relationships. After 35 years of fastpaced growth, China’s economy is now the world’s second largest in nominal terms, after the United States, and is estimated to have overtaken the U.S. economy as the largest economy in purchasing power parity (PPP) terms. The two economies are heavily interdependent and the two nations are major economic players in almost every region of the world. Both nations are also among the five veto-wielding permanent members of the United Nations Security Council and have militaries that are operating in increasingly close proximity in Asia and beyond. China and the United States are, respectively, the world’s first and second largest emitters of greenhouse gases.
Date of Report: June 22, 2015
Order Number: IF10119
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