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Essay

Boom In China

Essay specific features

 

Issue:

Business

 

Written by:

Clarence D

 

Date added:

September 3, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 999

 

Was viewed:

2167 times

 

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Essay content:

Just now, a lot turns on this argument: both how badly China's economy could be hurt by an American recession and also the extent to which Chinese spending could help to prop up the rest of the world economy. Some new figures suggest Chinese demand is rising strongly enough to help offset the increasing weakness in China's export markets...
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That could be good news for the world at large. It is certainly true that China's current-account surplus rose to a record 10% of its GDP last year, which means that it produced a lot more than it consumed and so relied on foreigners to buy the excess. But it is the change in a country's trade surplus, not its absolute size, which matters for GDP growth...
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