China's economic system before the late-1990s, with state ownership of certain industries and central control over planning , has enabled the government to mobilize whatever surplus was available and greatly increase the proportion of the national economic output devot
China has recently opened markets inside the country, which creates competition. The more it opens the markets, the better for the country. Competition is a free market model incites competition, which drives people to innovate. In the end, since competition usually means development, we can be sure that China's technology can change drastically on the next few years. They have already evolved information sharing with the amazingly fast 5G technology.
In the U.S, the Office of Management and Budget "c. oversees the preparation of the federal budget," although this is done in coordination with the president.
People: Europeans wanted control of territory and resources. ... Competition for control of territory and resources in North America led to conflicts among colonizing powers. National rivalries spurred the powerful European countries to make land claims and to exploit the resources of the Western Hemisphere.
