Thursday, March 3, 2011

USA VS. China Economy

http://www.chinastockdigest.com/articles/Chinas-Economic-growth-versus-the-US.html


The US economic growth is still a superpower, the largest economy in the world. GDP per capita in the United States is high, at $46,000 in 2007. GDP growth rate in the country is stable and the country offers a relatively low unemployment rate. The country's economy is also cushioned with high levels of capital investment and research. There are various concerns in the current economy, though, including national debt, Social Security, mortgage debt, low savings rates, as well as the potentially looming recession.



Comment: I agree that the U.S economic growth is still a superpower but in my opinion China will beat U.S's economy if America wont do anything about this situation, they need to come up with a plan. I also thought that this is a good website to show the differences between china and US:

http://www.mint.com/blog/finance-core/china-vs-united-states-a-visual-comparison/

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