WebJun 7, 2013 · In 2012, China's GDP grew by 7.8% -- though this figure was the lowest growth rate since the turn of the century -- while the United States saw anemic growth of 2.2%. Part of the reason for this of course is that developed nations such as the U.S. generally have slower growth. Still, while China was not immune to the deleterious … WebAug 30, 2024 · Its economy has these five comparative advantages: The cost of living is lower than in the United States. Its gross domestic product per capita is $7,200, half that …
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