1. The Economics of the United States and China
However, while the U.S. faces major challenges, China also faces considerable obstacles in its upward economic trajectory, particularly given its low levels of personal spending, dependence upon exports and with political concerns about its human rights record and government corruption. ... In 2012, China was the world's second-largest economy, right behind the U.S. ... "The Chinese government faces numerous economic challenges, including: (a) reducing its high domestic savings rate and correspondingly low domestic demand; (b) sustaining adequate job growth for tens of millions of ...
- Word Count: 668
- Approx Pages: 3
- Grade Level: High School