Economics Assignment: China's Economic Growth and the US Economy

This report examines the economic landscape of China, focusing on its impressive growth and its position as a major player in the global economy. The assignment highlights China's substantial GDP, its role in international trade, and its emergence as a significant consumer market. It emphasizes the importance of a strong economic relationship between the United States and China, suggesting that removing trade barriers and supporting China's adherence to WTO obligations could benefit both nations. The report also touches upon the potential opportunities for US companies within China's evolving economy. The provided references, Liu & Yeh (2015) and Selden (2016), offer insights into the economic dynamics and political economy of China's development. The report underscores the necessity of understanding China's economic trajectory, its impact on the world, and its intricate relationship with the United States.

Running head: ECONOMICS
Economics
Name of the student
Name of the university
Author note

ECONOMICS
The Chinese economy
China is known as the world’s second largest economy by the nominal gross domestic
product. It is also known as the world’s largest economy by the purchasing power parity. The
gross domestic product of China in the year 2018, had been $13.457 trillion. This particular
country is also known as one of the world’s fastest growing consumer market (Liu & Yeh,
2015). China ranks second in importing goods. It is also known to play a very important role
in the international trade and is also the largest trading nation in the world.
China will be developing rapidly in future with the rise in the GDP. With the huge
population base, China is certain to become one of the most dynamic and fascinating huge
capital economies in the world.
The United States should be maintaining a healthy relation ship with China. The US
must work on the economic relationship with China (Selden, 2016). It should also remove
any kinds of trade barriers with china. Since the economic growth of china is slowing, there is
a huge potential opportunity for the US based companies to access these opportunities. The
United States of America should also be helping the government of china in meeting the
obligations made by the WTO.

ECONOMICS
Reference list
Liu, T. C., & Yeh, K. C. (2015). Economy of the Chinese Mainland (Vol. 2163). Princeton
University Press.
Selden, M. (2016). The political economy of Chinese development. Routledge.