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Alik [6]
2 years ago
7

Explain how china's rapid economic growth might affect the global economy in the future.

History
1 answer:
Alina [70]2 years ago
5 0
Hi China's rapid economic growth has led to a substantial increase in bilateral commercial ties with the United States. According to U.S. trade data, total trade between the two countries grew from $5 billion in 1980 to $660 billion in 2018. Over the almost three decades from 2021 to 2050, economic growth would average about 2–3% a year. Growing faster, up to say 5% a year, is notionally possible given China remains well below the global productivity frontier.

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5 0
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Hey there! I'm happy to help!

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Have a wonderful day! :D

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