Sunday, January 23, 2011
China Growth Shows Contrast With U.S.
China has been experiencing unprecedented growth over the past several years. The economy has grown from the 6th largest in 2000 to the second largest in 2010. They are currently growing at a rate of 9.8% in the fourth quarter of 2010. That is in three tiems faster than the economy in America is growing. The two largest economies are facing two different problems. China is struggling to control prices because of inflation and in the United States the problem is price stagnation.
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1 comment:
i think that if china want to better control their prices better they need to implement strong contractionary monetary policies so that they can slow their growth more and maybe start to make their economy more stable
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