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The editors at Master of Finance Degrees decided to research the topic of
U.S. vs China: Superpower Showdown
These giants boast the world's largest economies and active militaries, their decisions influencing politics at a global level. Despite a massive trade agreement and many diplomatic meetings, the two nations struggle to maintain the semblance of a civil relationship. As pressure mounts from U.S. leaders, China remains unfazed, cooly growing its military and economy. See how these two titans of industry and power measure up when pitted head-to-head.
Economics
- China
- GDP: $7.298 trillion
- GDP Growth: 9.2%
- Revenue: 1.646 Trillion
- Expenditures: 1.729 Trillion
- Budget Deficit: -1.1% of GDP
- Exports: 1.904 Trillion
- Percentage in Poverty: 13.4%
- Unemployment: 6.5%
- Labor Force: 795.5 Million
- United States
- GDP: 15.29 Trillion
- GDP Growth: 1.7%
- Revenue: 2.303 Trillion
- Expenditures: 3.599 Trillion
- Budget Deficit: -8.6% of GDP
- Exports: 1.497 Trillion
- Percentage in Poverty: 15.1%
- Unemployment: 9%
- Labor Force: 153 Million
- "Trade" Is A 4-Letter Word
- The politics of American-Chinese economic relations
- "These guys [China] are after us, and looking for ways to harm us, economically at least" - Mitt Romney
- "We don't want [China] taking advantage of the United States or U.S. business" - President Barack Obama
- "[The U.S. and china must] act in ways that mutually benefit, show mutual understanding and allow mutual coordination" - Liu Weimin, a spokesman for China's Foreign Ministry
Civil Liberties
Ratings are on a scale of 1 (best) to 7 (worst)
- China
- Overall: 6
- Political rights: 7
- Press freedom: 139th worldwide
- Economic freedom: 118th worldwide
- Number of citizens incarcerated out of 100,000: 121 (124th worldwide)
- United States
- Overall: 1
- Political rights: 1
- Press freedom: 10th worldwide
- Economic freedom: 4th worldwide
- Number of citizens incarcerated out of 100,000: 730 (1st worldwide)
Population Power
- China
- Total population: 1.343 Billion
- Population growth: 0.481%
- Birth rate: 12.31 Births/1,000
- Death rate: 7.17 Deaths/1,000
- Male to female birth ratio: 1.13 male / female
- United States
- Total Population: 3.13 Million
- Population Growth: 0.899%
- Birth Rate: 13.68 births/1,000 population
- Death Rate: 8.39 deaths/1,000 population
- Male to female birth ratio: 1.05 male / female
Military Supremacy
- China
- Manpower Available For Service:
- males age 16-49: 385,821,101
- females age 16-49: 363,789,674
- Military Expenditures: 4.3% of GDP (2006)
- Active military force: 2.3 million members (world's largest)
- United States
- Manpower Available for Service
- males age 16-49: 73,270,043
- females age 16-49: 71,941,969
- Military Expenditures: 4.06% of GDP (2005 est.)
- $550 billion annually with an additional $160 billion for Overseas Contingency Operations
- That's 43% of global military spending!
- Active military force: 1.5 million
Education
- China
- Adult literacy
- total population: 92.2%
- male: 96%
- female: 88.5%
- School Life Expectancy
- total: 12 years
- male: 11 years
- female: 12 years
- International Rankings
- Math: #1
- Science: #1
- Reading: #1
- United States
- Adult literacy
- total population: 99%
- male: 99%
- female: 99%
- School Life Expectancy
- total: 16 years
- male: 15 years
- International Rankings
- Math: #31
- Science: #23
- Reading: #17 Final Score
- China: 2
- U.S.: 3
The U.S. needs to rethink its education policies and implement some economic reform if it's going to stay ahead of China's explosive growth!
