Based on the domestic products produced, raw materials (including minerals) comsumed,and products exported, China is now the largest economy in the world. It is therefore China that has contributed to the world economic growth in the number one place in front of USA, Japan, and Germerny. These countries have a very large portion of services in their respective economy (i.e. GDP calculations) which China has relatively smaller part that draws back China to the position of the third largest economy. Everyone seem to ignore the fact that China is the largest economy in the world in terms of production!!!
We should be proud of the achievement China has,but also have to note that the avarge GDP per capital is still low. The difference of real living standard and quality of life between a common person in China and USA are becoming smaller and smaller! The real difference was exagarated. Who can tell me why?
We should be proud of the achievement China has,but also have to note that the avarge GDP per capital is still low. The difference of real living standard and quality of life between a common person in China and USA are becoming smaller and smaller! The real difference was exagarated. Who can tell me why?
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