China U.S Economic War (Research Paper Sample)
A research paper on U.S and China's current economic war. The topic will be the potential impact of this "war" cause to the overall aspect(Political wise, Economic wise.. etc) of both Country. Be more detailed on giving background information for both Country's current status, also, the president's action and decisions needs to be included. data sources needs to be up to date.source..
China-U.S Economy War
China-U.S Economy War
The United States is ranked as the world’s largest economy. However, over the recent years, China’s constant economic growth has threatened to overtake the USA. After the implementation of market reforms in 1978, China has seen an average growth of 10% per year (World Bank, 2018). This growth has enabled the country to better the lives of approximately half of its 1.3 billion citizens by improving living standards. China’s GDP has grown at a fast pace and is soon expected to surpass that of the United States by the end of 2030 (PricewaterhouseCoopers, 2017). However, since the population in the United States is significantly less compared to that of China, aspects such as income levels in the United States are bound to be on the higher side compared to China, regardless of the economic position. The United States is also bound to lead on other factors such as living standards and quality of life, regardless of whether Chinas economy is larger or not. This paper aims at comparing the two economies and discussing the impact of the war on the two countries....
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