Economic Differences Between the U.S. & China – Take A Look (+2K Views)

Lorimer Wilson January 11, 2016 1 Comment 2,900 Views

Today’s infographic looks at the economic differences between the U.S. and China: total reserves, foreign direct investment, demographics, imports, exports, GDP per capita, energy, education, and much more. [Take a look.]

The infographic* below is by Dennis Wong (scmp.com) and the commentary** above and below consists of edited excepts from a post by VisualCapitalist.com.

The economies of China and the U.S. are the strongest globally in absolute terms but that’s where the similarities end as the infographic below so clearly illustrates. (For a larger version of this infographic, click here.)

Courtesy of: Visual Capitalist

While comparable in total size, the makeup of each economy is totally different. United States is a sophisticated and highly diversified economy that is based on services, finance, and consumption from the middle class. China has similar aspirations…[for] the future, but right now it is [a] resource-intensive growth engine making the transition from a manufacturing hub to a consumer-driven economy.

The above article has been edited by Lorimer Wilson, editor of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) for the sake of clarity ([ ]) and brevity (…) to provide a fast and easy read.

*http://www.scmp.com/infographics/article/1862273/infographic-tale-two-economies; **http://www.visualcapitalist.com/china-vs-united-states-a-tale-of-two-economies/

Related Articles from the munKNEE Vault:

1. The 21st Century Will Belong to the U.S. & NOT China – Here’s Why

“The American Century Ends, and the Pacific Century begins.” Seriously? We say B.S. to that. This moment in history is not the end of American dominance. If anything it is a beginning. In terms of dominance, America has barely rolled up its sleeves. [Let me explain.]

2. Now You, Too, Can Predict When China Will Overtake America Using This Cool Interactive Tool

America’s GDP is still roughly twice as big as China’s (using market exchange rates). To predict when the gap might be closed, The Economist has updated its interactive chart below with the latest GDP numbers. This allows you to plug in your own assumptions about real GDP growth in China and America, inflation rates and the yuan’s exchange rate against the dollar. [Plugging in our assumptive] numbers China will overtake America in 2018. [Share your prediction in the “Comments” section at the bottom of the page.] Read More »

3. A Comparison Of the Military Forces of China & the U.S.

To be considered a true force, China needs to be able to back up its economic and political might with a top notch military. Today’s infographic compares the armed forces of China with the United States.

4. China Can’t Compete Economically With the U.S. – Here’s Why

Since the launch of economic reforms in 1978, China has become the world’s second-largest economy, the largest merchandise trader, the largest manufacturer and the largest creditor of the U.S…BUT the nation is still a laggard in so many respects that it still can’t compete with the United States. Let’s take a look at why that is the case.

5. China is Buying Up the World – Big Time! Take a Look

China is buying up the world – big time! Take a look. It’s all shown here in one map. Read More »