Tuesday, February 15, 2011

More on China's economy.

http://www.usatoday.com/money/economy/2011-02-14-chinapoll14_ST_N.htm

According to a Gallup Poll, 52% of Americans believe that China has the worlds strongest economy, compared to 32% that believe that America is the world economic leader.

In reality, China's GDP is only $5.88 Trillion USD, compared to the US with $14.62 Trillion USD.

China's economy is a rapidly growing force on the economic worldscape, but is nowhere near overtaking the U.S.. The per-capita GDP strikes an even starker contrast, with China averaging $4,000 per person, and America $47,000 per person.

So it would seem that America has a firm lead on China as an economic super power, at least for a while.

Jesse Reynolds
Discussion section: Friday 11am

No comments:

Post a Comment