Similarities Between China And The United States
356 Words2 Pages
22% of global GDP. However, in recent times Chinese economy has been developing more and more rapidly in the world. The two economies show some similarities end, but the economies of china and the
United States are totally different.
One major difference is the main economic development. In the United States, the high technology industry is major economic drive. For example, Microsoft, Stander dized software, Google allowed everyone to access to information and new markets. Also the United States has strong services industries like financial institations.
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Australia and China embrace very distinctive economic systems in order to provide the best for their society, where these countries have a thriving economy that is growing and home to billions of people. Australia is known as the sixth largest nation on earth and the only nation to rein a whole continent and its remote islands. On the contrary, China holds approximately 20% of the entire world’s population, as well as, the country that populates the most people. When associating the rising economies of Australia and China, there are many aspects to consider which comprise of: GDP & GDP/capita, employment and unemployment, environmental issues, economic growth and the standard of living that is also taken into consideration. There are many
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