Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Economic Comparison of China and USA Performance - Research Paper Example

Comments (0) Cite this document
This paper compares, contrasts and analyzes recent economic development trends in Chinese and American economies. A comparative study of the economic performance of USA and China tends to reveal both similar and varied trends of different economic factors…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Economic Comparison of China and USA Performance
Read TextPreview

Extract of sample "Economic Comparison of China and USA Performance"

Download file to see previous pages This paper provides succinct economic comparative analysis of recent growth indicators of China and the United States. The result of economic comparison is essential in identify the right country for investing, as the behavior of the economic factors tends to predict political, social, and economic environment in this countries.
The National Bureau of Statistics of China report indicates that from 2011 to 2013 the GDP growth rate averaged at 2 percent. This trend was higher in June 2011 at 2.50% and recorded low in March 2012 at 1.5%. Further, the report indicates that the Chinese economy is the second largest in the world after United States. The economic trends in China have changed in the past thirty years from market-oriented economy to a private sector economy.
The Bureau of Economic Analysis report shows that United States is world largest national economy. It has a GDP of USD 16.66trillion, GDP per Capita of USD49, 601. The US A population living below the poverty line 14.8% and has workforce of 155.6 million out of which 11.26 million are unemployed. The GDP growth per sector shows that service industry is leading 79% whereas agriculture and industry trail at 1.2% and 19% respectively.
The World Bank report indicates that the China’s economy is $10.1 trillion compared to $14.6 trillion for the U.S. based on the purchasing power parity. It appears that China is narrowing the gap fast and it might overtake U.S in the near future. In the past 10years, the China’s GDP averaged at 10.5% compared to the U.S 1.7%.
Other factors which illustrate Chinese economic performance includes people living people the poverty line 13.1%, and average gross salary USD 457. USA The Bureau of Economic Analysis report shows that United States is world largest national economy. It has a GDP of USD 16.66trillion, GDP per Capita of USD49, 601. The US A population living below the poverty line 14.8% and has workforce of 155.6 million out of which 11.26 million are unemployed. The GDP growth per sector shows that service industry is leading 79% whereas agriculture and industry trail at 1.2% and 19% respectively (The World Bank, 2013). The average annual gross salary is USD 45, 790. In the year 2012, US spent USD 2.3trillion. The major import partners are China 19%, Canada 14%, Mexico 12%, Japan 6.4%, and Germany 4.7%. Largely, the consumer goods top the list of the US imports. On the other hand, US exports USD 1.56 trillion with the major export partners being Canada 19%, Mexico 14%, China 7%, and Japan 4.5%. Other economic factors defining the economic growth of United States are Education Cost whose GDP is 1%, health or social care 8%, and Federal Government including military spending 5%. Analysis of the Economic Performance The World Bank report indicates that the China’s economy is $10.1 trillion compared to $14.6 trillion for the U.S. based on the purchasing power parity. It appears that China is narrowing the gap fast and it might overtake U.S in the near future. In the past 10years, the China’s GDP averaged at 10.5% compared to the U.S 1.7% (The World Bank, 2013). This trend seems to suggest that China has many emerging opportunities that contribute to its fast economic growth as opposed to United States. A comparison between the US workforce and the China’s ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economic Comparison of China and USA Performance Research Paper”, n.d.)
Retrieved from
(Economic Comparison of China and USA Performance Research Paper)
“Economic Comparison of China and USA Performance Research Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economic Comparison of China and USA Performance

China and USA compared

Obesity is defined as “an adult having a Body Mass Index (BMI) greater or equal to 30.0” (CIA Publications, 2011, website). In order to measure an individual’s BMI, their weight in kilograms is divided by their height in meters, squaredThus if someone is 1.8m tall, and has a mass of 100kg, their BMI is 30.86, and they are therefore classified as obese. Obesity is associated with various serious health problems and governments and health professionals across the world are concerned with the expense and danger of the growing obesity of their populations. Two of the world’s most powerful nations – both politically and economically – differ notably in the percentage of their populations which could be classified as obese. The percent...
3 Pages(750 words)Essay

Economic comparison

...?Economic Comparison This paper is an economic comparison and consist of the comparison of US national economy from 1910 – 1920. This paper is divided into two sections. The first section is the state of the US economy at the beginning of the decade 1910. In the second section the economy after 1920 is described. Here a short view of comparison of today’s economy with the past economy is provided. The comparison is on the basis of economic indicators like GDP, the unemployment and the CPI rate. The Period of 1900- 1910: In 1900 the amount of people unemployed in the US was 1420 (000s) approx and the percent of civilian labor force was only 5%. Immigration was totally restricted and farming was the main occupation there that time...
4 Pages(1000 words)Research Paper

Economic Environment of China

... is one of the most sought after topics for the researchers because in the recent years a lot of flexibility has been allowed in the economic system of China. There are several sectors where the private players are being allowed to exist in the market. The stringent restrictions on the property rights of the country have also been relaxed. The paper also analyses the economic systems that the other developed and developing countries have adopted. The comparison of the economic systems provides an insight into the various pros and cons of the set ups that are existent across the world. The fundamental premise for the contention is that the economic structure and the systems of a particular economy are a major determinant of the growth...
17 Pages(4250 words)Essay

Economic Development of China

... owners is a better choice in the absence of those institutional underpinnings, a path which has been followed by the Chinese government in the past two decades. As noted in World Bank (1997) report, "most other countries in transition have turned to systemic, widespread privatization of state owned enterprises" (SOEs). In China, the state or its agents, carry out 'shareholder' functions performed by private owners in market economic systems." Retaining a large portion of state-owned shares in listed companies1, the Chinese government delegates different types of state-share holders to control these state-owned shares. This thesis attempts to examine the governance role of different types of state-share holders in China's listed companies...
47 Pages(11750 words)Dissertation

Macroeconomic Performance of China

...1. Macroeconomic performance of China China initiated economic reforms in the year 1978. These reforms ushered in rapid economic growth in the country. In the period between 1978 and 2006, the per capita income in China has quadrupled. Hundreds of millions of people have crossed the poverty line. The state's role in the economy has got reduced and nearly 2/3 rd of the Gross Domestic Product (GDP) in 2003 was contributed by the on-state sector. More labor is now employed in manufacturing and service sectors than in agriculture and this is a clear indication of economic development. The country's economic progress is visible in terms of all these factors - the huge jump in per capita incomes, the increased scope of activities for non...
12 Pages(3000 words)Term Paper

Comparison of the media systems between USA and China

...Running Head: Comparison of the media systems between USA and China Comparison of the media systems between USA and China First Name of school Professor Date Abstract There are different types of media systems including newspaper, television, radio, and the Internet. These mediums play an important role in communicating information to the general public and changing perceptions of the audiences. Also, these types of media assist and change us in our day-to-day activities making information more accessible and convenient. Understanding these types of media is significant because it lets us understand how governments use them to conduct their daily activities. Keywords: media, newspaper, television, radio, Internet, access...
12 Pages(3000 words)Essay

Financial performance comparison

...To compare the financial performance of Anheuser Bush and Brown-forman a ratio analysis of the two companies is illustrated below: Financial Ratio Anheuser Bush Brown-forman Net margin 24.01% 16.70% Return on assets 7.93% 16.06% Return on equity 20.83% 32.43% EPS $5.54 $3.08 Current ratio 0.68 1.05 Working capital -8667.00 $106 Debt ratio 0.62 0.50 Debt to equity 1.63 1.02 Inventory turnover 6.31 1.04 Avg. sale period 57.88 days 352.61 days Anheuser Bush had total sales in 2014 of $47,063 million. Its sales are much higher than Brown-forman’s sales total of $3,946 million. The net income of Anheuser Bush in 2014 was $11,302 million, while Brown-foreman had a net income in the same period of $659 million. The net margin is a measure...
2 Pages(500 words)Essay

Economic Relations between China and the USA

...Article 1 How China could become more Competitive Author: Matthew Kroenig This article is aimed at establishing the economic drivers that have held Washington as the world’s dominant power. As an economist, one should be aware that a huge population plays a significant role in driving the economy of the big cities of the world and has been significant in the rise and rise of Washington. However, over the years, Beijing, the capital city of China is threatening to dislodge Washington from the coveted position due to its growing population and economic growth. This report will therefore explore some of the economic aspects that have been proposed as being behind the change. According to Kroenig (2015), while exploring the subject, argues...
4 Pages(1000 words)Case Study

The Economic Impact of the Emergence of China and India

The main macroeconomic variable that toys in the global economy’s shift are the emergence of India and China as new superpowers. This emergence certainly has a number of implications, but among the most relevant are: disruption of the equilibrium of the global economy which results in rising demand of goods, giving way to worldwide inflation; the attractiveness of outsourcing to these countries due to low cost but high talent workforce of these countries for cheaper operations.
The growing middle class of China and India results in booming demand for the automobile industry. This increase in demand, with the increasing purchasing power of these countries’ people, is not limited to automobiles but more apparent in...
10 Pages(2500 words)Assignment

Stop Animation and the Comparison to Newer Techniques in CGI

As with many films, a great creative license is taken with the story, although it retains the original thrills and spectacle.

The great Ray Harryhausen created some of the most advanced special effects of the time within this film. The scenes are exciting and thrilling, although by today’s standards it is easy to spot the differences between what is created and what is filmed from life. Still, the special effects in Jason and the Argonauts are some of the best examples of Ray Harryhausen’s stop-motion animation available. The movie is a mythological creature that is the eighth collaboration between producer Charles Schneer and Harryhausen. Ray Harryhausen’s contributions included those of co-producer,...
13 Pages(3250 words)Term Paper

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

Evaluation of Performance of a Bank Using Published Accounting Data

..., which is another major limitation. Recommendations In consideration to the analysis of this report and limitations mentioned-above, I am of the view that published accounting data provides the most reliable, economical and easiest way to evaluate the performance of bank. However, in order to make the comparisons of banks’ performance easier, there is a need to standardize financial reporting. Bibliography (n.d.). Retrieved October 21, 2009, from Wehner.Tamu: Badreldin, M. A. (2009). Measuring the Performance of Islamic Banks by Adapting Conventional Ratios. German University in Cairo. Banking and The Banking Industry . (n.d.). Retrieved October 19, 2009, from Economywatch : http...
7 Pages(1750 words)Case Study

Comparison of Leading Womens Role in Portrait of Teresa and Salt of Sea

... Number] Comparison of leading Women’s role in Portrait of Teresa and Salt of Sea Every society has different values,traditions and perceptions regarding the role of women that fit within their historical, cultural and social contexts. The cinema being an important cultural institution and reflector of social values tends to depict the role of women in movies to refer their current status as well as to motivate them playing a non traditional role for some specified purposes. In the movies “Portrait of Teresa” and “Salt of the earth” also, the directors Pastor Vega and Herbert Biberman have presented the roles of women in quite encouraging manner to show the women’s potential of playing a revolutionary and defining role in setting up trends...
7 Pages(1750 words)Case Study

China Faces Pressure over Currency

Making its products cheaper in the US and thus encouraging imbalanced trade. It has been universally agreed that the free-floating Yuan would be significantly worth 15 cents.
Chinese economists feel that the impact has been over-exaggerated and particularly to America from Yuan revaluation. In particular, a stronger Yuan will not reduce the US’s trade deficit as there is a very smart segment of overlap between China and America Production and hence the US will not be able to replace Chinese imports. The consumer will end up paying more for imports from china or Vietnam and this would be like imposing a tax on US consumers.
The World Bank chief also disagrees with the US’s suggestion on China's currency rise a...
9 Pages(2250 words)Assignment

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

Juvenile Delinquency and Education: A Comparison of Public and Private Education

... used to describe the behaviour of children and adolescents that would be punishable by law if found being exhibited in adults. Serious criminal activity can be found most frequently to be occurring in the 16 to 20 year age group. This age group is actually considered to be ‘adults’ in many places around the world. This is supported by the fact that most adult criminals have histories of criminal activity during their youth. The most common offences which children or young adults commit are theft, vandalism, and rape in the slightly older strata. Internationally, juvenile delinquency is most common and found in the highest extreme in countries which have better economic and technological resources. Statement of the Problem: Where and how...
6 Pages(1500 words)Research Proposal

Globalization and World Economic Forum at Davos 2010

... increase in the income of women which is expected to be $5.1 trillion by 2013. By earning more and influencing purchase decisions, women have acquired greater power in the market place. There is a greater emphasis on building vibrant business ecosystems that harness a shared foundation of technology and knowledge to accelerate growth and innovation (Tapscott, 2010). The Chinese exuded greater confidence than ever before and flaunted their economic performance. A visible signs of power shifting to east particularly China were clear and loud. Whether this shift will lead to cooperation or confrontation is a question that hovers on the western and American political and business mindscape. The projections were however marked by cautious...
7 Pages(1750 words)Coursework

The Comparison Between Negotiation Style in China and USA

... Negotiation, the innovative approach for dispute resolution is also the art of satisfying diverse interests. The cultural diversity in every nook and corner of the world provide immense complication for negotiation. For example, negotiation in USA is entirely different from the same in Chinese perspective. Besides, Professor Hofstede’s four Dimensions (Power Distance (equality/inequality), ‘Individualism’ (individual rights), ‘Uncertainty Avoidance’ (tolerance) and ‘Masculinity’ (male domination)) are considered as significant in the field of negotiation. Thesis statement: A comparison in the light of Hofsted’s four Dimensions between negotiation in China and USA to disclose its significance in negotiation styles...
7 Pages(1750 words)Research Paper

What to Consider in Structure-Conduct-Performance Model

The best possible outcome for SA is when it plays L while SS plays U and the best possible outcome for SS is when it plays L, and the other plays U. These outcomes (L, U) and (U, L) are difficult to achieve. This is because these strategies are not dominant for both. There is an incentive for one player to deviate.
If the prices are decided every week then the strategy would change in terms of the components. For the repeated games, the Nash equilibriums of all the sub-games are the same as the equilibrium of each one-shot game. The number of components in the strategy would increase because of the repetition of the game (both would still play L, L) however the pay off associated with the game would be increase by times of th...
6 Pages(1500 words)Essay

Russia and China - Comparison of Economic Development Strategies

...Russia and China Comparative economic systems The remarkable change from communism to market economies across China, as well as Russia, began in 1970s. Since that time, some individuals, with a good number of them too poor, have been affected by structural changes in agriculture. None the less there is a wide disparity in the reform approach that states have selected. In order to understand the comparisons between the different states, we keep focusing on four broad groups of determinants. These include first, the manner the different states are structured, especially on the extent of decentralization. Second is the historical heritage of Socialism. Third is the difference in wealth as well as the organization of the economy. Lastly...
14 Pages(3500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Economic Comparison of China and USA Performance for FREE!

Contact Us