Economic Status of China and the United States

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Most of the Chinese companies do business in Africa and repatriate the profits back to China. In addition, the Chinese people are domestic consumers, meaning that China exports less and imports more (Bao, Lin, and Zhao). In this regard, China will probably become the economic superpower in the next 25 years if the United States does not look for more business opportunities (Cai). This is majorly because the Chinese economy continues to expand exponentially while the U.S. economy is under turbulence (Yueh). Besides, China has more companies than the United States and more of these companies are export companies (Wong and Liu).

In conclusion, it is worth noting that the United States has maintained its superpower status for close to two centuries since 1871 and in economics, there are peak moments when expansions are almost zero. As for China, the possibilities are limitless considering the huge number of Chinese companies that operate under the manufacturing and exportation sectors. Since the beginning of the 21st Century, China has embarked on robust bilateral ties with many African countries and this has redefined the Chinese foreign policy. On the other hand, the United States has plans to open more than 30 stores in China as an expansion strategy in order to maintain its superpower status.

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