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China's Rise.pdf

RL33534.pdf
Preview of China's Rise
🔗 Source: fas.org
📊 Size: 1.56 MB
👤 Author: Wayne M. Morrison
⬇️ Downloads: 184

Summary

China's economy has grown rapidly since 1979, with real annual GDP growth averaging 9.5% through 2018, making it the world's largest economy, manufacturer, merchandise trader, and holder of foreign exchange reserves. However, its growth has slowed to 6.6% in 2018 and is projected to fall to 5.5% by 2024. China has become a major commercial partner of the US, but its economic policies, such as industrial policies and theft of US intellectual property, have raised concerns. The US and China have engaged in a trade conflict, with tariffs imposed on each other's imports, which could have negative consequences for the Chinese economy. China's economic rise has significant implications for the US, including challenges to US economic interests and opportunities for US firms in the Chinese market.

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China's economy has grown rapidly since 1979, with real annual GDP growth averaging 9.5% through 2018, making it the world's largest economy, manufacturer,...

Technical Information

  • File Format: PDF
  • File Size: 1.56 MB
  • Pages: 42
  • Language: EN
  • Author: Wayne M. Morrison
  • Total Downloads: 184
  • Last Updated: 1 week ago

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