China Economy Today

The China Economy has grown steadily in the last decade and is catching up to the big guys in this race, the United States. It might seem funny to some, but if they keep going, in a couple of years time they will be the new leaders of the global Economy. China s Economy Today, at the moment, third in the world, after the European Union and the United States. It is still far from the top spot, by over 10.000 billion dollars, but, as mentioned earlier, it is catching up to the United States because in China they didn’t really feel the economic crisis that has brought the American economy to its’ knees just a couple of years ago.

Secondly, the China Economy will start to get even better in the coming years because a lot of new car manufacturers have started presenting their products to the world. While some of these cars are not what you would call efficient or radically better than western options, a lot of them provide with good quality at incredible prices. It is assumed that in 10 years China will provide with cars that can easily compete with the best in terms of quality and reliability while providing with prices cheaper with up to 30 percent when compared to their main rivals. This will be the turning point in the struggle for the so called world economic domination.

At this point, China has an economic growth that has averaged more than 10 percent, which puts them at number 4 on the globe, while the United States had less than a 3 percent average in this section. By these numbers alone and because China s Economy Today is clearly the largest in the world due to the billion and something inhabitants, China Economy is the place you want to be right now if you want to manufacture or sell any kind of product. Also, it is the place to buy products and sell them else where.

Related: new world economy, global economy, china world economy leader

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