A Collection of Articles, Opinions, and Research on the Economy.
I thought that the last point that Ms. Kurtz made was particularly interesting because I had no idea that China was the second largest U.S. creditor, which she pointed out means that they are invested in the success of the U.S.. Whenever I hear both China and the U.S. mentioned in the same sentence, I always immediately think of how they are our number one competitor. Overall I think this video was very interesting and was able to give me some perspective on China's growing economy.
One thing that I found interesting through out this course is learn how exactly we are in debt to China. China is the 2nd largest holder of US bail bonds, which they can only cash in once they reach maturity (no cashing in when ever). This means that China has a pretty big pull to want the US economy to do well, because otherwise they will not be getting a good return on their investment.
It makes sense that China has more growth per year because it has a larger population that the U.S. Despite the U.S. having an economy that is almost double the size of China, I wasn't surprised to hear that China will overtake the US in the next 10-15 years. I guess it's a good thing that as the Chinese economy grows, it has an economic interest in the U.S. fairing well because it is the 2nd largest debtor. This video was quite eye-opening on the economic relationship between China and the U.S.
There is so much talk about China's growing economy today. It does make sense that it is growing quickly especially if you look at their population. I had no idea that China was the largest holder of US bonds though. It is nice that there is an incentive for China to want the US economy to do well.
I didn’t realize how fast the Chinese economy is growing compared to the US economy. I've heard many times that China's economy will surpass the US economy in our generation’s lifetime and that we owed a large amount of money to China. But I never realized that China was our second largest debt holder. It’s pretty assuring to know that China will still have an interest in our economic well-being.
I was happy to hear that our economy is bigger than China's as I thought they were much closer to the U.S. however it does concern me that we are growing so much slower than China, is there a good way to increase our growth efficiently. But I am happy to now know that China wants us to do well in order to get its money back, I always thought they were trying to get ahead And put us down but I'm glad that's not the case.
I think a lot of the time we get caught up in how much debt our country has and we forget that we are still the number one economy in the world. I understand that China will surpass us in the near future, but I wonder if that really is such a terrible thing? I think if we get our debt under control then it would leave room for our economy to begin growing more quickly (way easier said than done I suppose). I also found it really interesting that China is our country's biggest creditor. I wonder if that is in anyway tied to its huge economic growth. I guess that also means that if we were to get our debt under control then that would help boost China's economy even further. It'll be interesting to see how these situations are handled and what the outcomes will be in this generation.
This definitely put in to perspective the Chinese economy. I think the media puts it out to be very bleak and shows that the United States is in the worst financial ruin right now, even though they don't point out that we are the biggest economy in the world. Also, they never really point out how much the Chinese invest in our economy and they actually still need us to do well. People just think that they will overrule us and our economy will be completely destroyed and un-savable when they grow bigger than us. Overall, I found these facts to be very helpful in understanding our own economy against the Chinese economy.
I thought that it was an interesting video in that they compared the world's two largest economies to one another. As China's economy continues to grow and seeing as how they are the second largest holder of U.S. debt, its reassuring to hear that China has a likely interest in U.S. economy's health. It was definitely interesting to hear how they two were compared, such as although China's economy has an average of 7% growth compared to our 3% annual growth, our economy remains to be twice the size.
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