The Rise of the Chinese Economy and Growing Concerns in the United States

Description

This article discusses recent global economic changes and focuses on two of the worlds’ largest economies, namely China and the United States. The present superpower i.e. the United States has failed to come up with a solution to the challenges posed by the last four decades of rapid expansion of the Chinese economy. The Chinese population is 1.45 billion, more than four times larger than the US population, and any changes in its economy and the living conditions of its people are bound to have a global impact.