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Comparing and Contrasting China and Usa Gdp Essay

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Comparing and Contrasting Chinese GDP and US GDP

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December 4, 2013

Outline
  * Introduction
  * Comparing China’s GDP and American GDP between 2000 and 2005
  * Comparing China’s GDP and American GDP between 2006 and 2011
  * Conclusion  

Comparing and Contrasting Chinese GDP and US GDP
Introduction
The rapid economic growth in China over the last three decades has prompted many economists and researchers to focus on studying the country’s growth tends as an indication of its future. In fact, China’s economy and economic growth rates have overtaken members of the European Union and Japan, making it the second largest economy in the world after the US. Therefore, most studies have focused on comparing the Chinese economy and growth with that of the US. The purpose of this paper is to analyze the economic growth rate of china in comparison to that of the US, with a special focus on comparing and contrasting the GDPs of the two countries between 2005 and 2012.
Comparing China’s GDP and American GDP between 2000 and 2005
Since 2000, the economy of china has been on the rise, with a rapid economic growth indicated by high rates of GDP and FDI. When considering GDP growth factor, it is evident that the country’s economy has risen at a very fast rate. By 2000, the country’s average GDP was about 9.9% (Zicheng 78). By the start of the decade in 2000, China’s economy started showing the possibility of overtaking several countries in the G8 group. First, the GDP growth rate started improving from its lowest in 1999, recording an increase from 6.3 % to 10.6% (Tong 121). In fact, the 1999 GDP was the worst since 1980, which means that an increase of 4% in the GDP between 1999 and 2000 shows significant progress in the economy (Zicheng 92). In addition, the country’s growth in terms of PPP increased from 9.2% in 1999 to 10.2% in 2000, which translates to a real GDP growth of 8.3%. Since then, China focused on...

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"Comparing and Contrasting China and Usa Gdp". Anti Essays. 11 Dec. 2018

<http://teachingsail.com/free-essays/Comparing-And-Contrasting-China-And-Usa-586527.html>

APA Citation

Comparing and Contrasting China and Usa Gdp. Anti Essays. Retrieved December 11, 2018, from the World Wide Web: http://teachingsail.com/free-essays/Comparing-And-Contrasting-China-And-Usa-586527.html


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