China’s Economic Performance For The First Time Over The United States
Economy has achieved a great success. The third quarter of 2011 gross domestic product growth of 9.1%; strong currency; wages; people’s living standards improved; and ever-expanding industrial sector are actually facing a shortage of workers, can not fill all the new manufacturing jobs. In the past 20 years, average annual economic growth rate of more than 10%. Millions of people out of poverty, joined the ranks of the middle class … These are amazing achievements, unfortunately, these are all positive news related to the strong Chinese economy, not the United States.
Across the United States in the Pacific, the official unemployment rate remains high calculated to maintain the terrible 9.1%. If we give up looking for work out of desperation by the government statistics were not included, the actual unemployment rate is 15% or so — and in 1931 the same level (in 1929 the United States into a big stock market crash depression). Over the past 10 years, 50,000 U.S. plant closures support fashion shuai ziwei88 blog, the loss of more than 6 million well-paid blue-collar jobs. Services are declining. The real estate bubble burst revealed the risk of trying to become the world’s financiers, because the bank portfolio is based on the deceptive valuation. Even the most optimistic forecasts that the U.S. economy next year will grow by 1% to 2%.
After years of lax fiscal discipline-free, we finally suffer. Measure of economic performance in four key indicators, the first time in U.S. history after the fall of the PRC. According to published Laijia 1 Dayton global prosperity index, in macro-economic policy, economic satisfaction and expectations, the foundations for growth and efficiency in the financial sector, China surpassed the United States. List in this economy, China has been studied in 110 countries ranked 10, while the U.S. ranked only 18th. In the overall wealth and quality of life, the United States behind Canada.
Obama administration trying to use big government to promote employment, but the U.S. approach essentially pay someone to dig holes and then fill it deprived an important resource for the private sector, the private sector could be useful for these funds long-term goal, such as investment in research and development and expansion of facilities. CEO of the Institute of British Laijia Dayton Jeffrey Gede said: “When the United States and opportunities in entrepreneurship ranking back on the index, is due to a slight increase in business start-up costs support fashion shuai ziwei85 blog, uneven economic development and R & D expenditure reduction in the management of this index, the United States is a citizen of the reasons behind the federal government, election integrity and confidence in the judicial system. ”
In short, the United States in decline, China’s rise. China is the world’s number one power in our place. Welcome to the 21st century.
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