Tuesday , 16 April 2024

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

Today’s infographic looks at the economic differences between the U.S.economy-usdollar8 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/

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