Summary: It is an undisputable fact that China's economy is in better shape than the economy of the United States. Gross domestic product in China grew at a 9.6% annualized rate in the third quarter of 2010. GDP in the U.S. during that same period was a mere 2.6%. But the robust growth in China is creating some headaches, notably worries about inflation and asset bubbles.
Commentary: China's economy is amazing it is all because they studied the U.S Economy very carefully. China is able to do these big changes and everything that is making their economy better because they do not have a democracy in their government. If they had to pass their new ways of doing things through congress it would take a long time for their economy to change. So this poses the question maybe a democracy is not the best type of government for improvement and moving forward but at the same time China is also having problems with stocks. So does the good outweigh the bad? What do you think?
Link to Article : http://money.cnn.com/2011/01/17/news/international/thebuzz/index.htm
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