Differences between us and china economies

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Reference no: EM13836933

There are a lot of differences between US and China economies. Compared to the U.S. economy, the Chinese economy has which of the following? ----

A. Chinese economy has a larger share of consumption in GDP, say 85% for China and 65% for US.

B. China has a larger share of personal saving

C. Being a communist economy China has a larger budget deficit in billions of dollars

D. China has adopted a contractionary fiscal and monetary policy in recent years.

Reference no: EM13836933

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