Critical Thinking

CHINA 7.25USD per hour (2015), GDP growth rate

 

     CHINA VS
USA

Battle to be the largest economy in the
world 

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          The United States has been the world’s
biggest economy since 1871, but that top ranking is now under threat from
China.

                             Since 1978 the Asian giant has achieved economic
growth of average 10%. The organization for economics cooperation and
development published an authoritative study on global long term growth
prospects in November 2012.

         China has  GDP per capita 8123.18 USD (2016) ,gross
domestic product 11.2trillion USD (2016) , GDP growth rate 6.7% annual change
(2016) , GNI per capita 15500PPP dollars (2016) gross national income
21.37trillion PPP dollars.

 

America has GDP per
capita 57466.79USD (2016) gross domestic product  18.57trillion USD, unemployment  Rate4.1%(2017) , Minimum wage 7.25USD per
hour (2015), GDP growth rate 1.6% annual change (2016),  GNI per capita 58030 PPP Dollars(2016)

 

When Will China
Surpass the U.S.?
In November 2012, Organization for Economic Cooperation and development published an authoritative study on global long term perspectives.

 Specifically,
China’s GDP is forecast by the OECD at $15.26 trillion for 2016, exceeding the
forecasted U.S. GDP of $15.24 trillion for the very first time. China is
estimated to pull ahead of the U.S. steadily in the following years; the
Chinese economy is estimated to be 1.5 times as large as the U.S. by  

     CHINA VS
USA

Battle to be the largest economy in the
world 

          The United States has been the world’s
biggest economy since 1871, but that top ranking is now under threat from
China.

                             Since 1978 the Asian giant has achieved economic
growth of average 10%. The organization for economics cooperation and
development published an authoritative study on global long term growth
prospects in November 2012.

         China has  GDP per capita 8123.18 USD (2016) ,gross
domestic product 11.2trillion USD (2016) , GDP growth rate 6.7% annual change
(2016) , GNI per capita 15500PPP dollars (2016) gross national income
21.37trillion PPP dollars.

 

America has GDP per
capita 57466.79USD (2016) gross domestic product  18.57trillion USD, unemployment  Rate4.1%(2017) , Minimum wage 7.25USD per
hour (2015), GDP growth rate 1.6% annual change (2016),  GNI per capita 58030 PPP Dollars(2016)

 

When Will China
Surpass the U.S.?
In November 2012, Organization for Economic Cooperation and development published an authoritative study on global long term perspectives.

 Specifically,
China’s GDP is forecast by the OECD at $15.26 trillion for 2016, exceeding the
forecasted U.S. GDP of $15.24 trillion for the very first time. China is
estimated to pull ahead of the U.S. steadily in the following years; the
Chinese economy is estimated to be 1.5 times as large as the U.S. by 2030 and
1.7 times bigger by 2060. India, for its part, is only projected to surpass the
U.S. in 2051, when its GDP is forecast at $33.1 trillion, compared with U.S.
GDP of $33 trillion.

According to the
economic specialists Chinese economy will surpass USA economy in near future.

 2030 and
1.7 times bigger by 2060. India, for its part, is only projected to surpass the
U.S. in 2051, when its GDP is forecast at $33.1 trillion, compared with U.S.
GDP of $33 trillion.

According to the
economic specialists Chinese economy will surpass USA economy in near future.

 

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