Question

Based on what you know about the changes and resources that helped the United States’ industries to grow, what changes would you expect to be taking place in China? Write your response in a paragraph.

Answer 1

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

Answer 2

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.