Global Indicator Of Chinese And American Economy - 2414 Words

1. American and Chinese economies in terms of using global, ethical, political, physical, and societal indicators. Global indicator of Chinese and American economy Chines GDP is $13.983 trillion and US GDP is $18.1 trillion while overall world GDP is $77.609 trillion both to gather contributes nearly 40% to the world so this says that the changes in any of the economy will have a greater impact on the global economy. Currently the best way to calculate the growth of economy is using PPP model (purchasing power of Parity). China PPP is 12608.87 US$ while US is having PPP is 52117.76 US$ which is major gap and this shows though china is having more GDP number but it’s not as strong as the US economy and that is a positive indication for the US. Currently China is over capitalized and facing a bad debt issue which made them the slow growth and this is the one the reason of slow chines growth. Currently china is more dependent on the exports and so many parts of the world are facing recession so that the overall Chinese growth will decline. Australia is more dependent on export to china which will also having a trouble in terms of decline in chines economy. Ethics indicator in China and America Business ethics plays important role for the growth of the economy sometimes violation of that lead to low growth. Chines manufacture produce the low quality good and supply to the world by corruption and bribe to quality checking officers as specially in toys and assemble electronicsShow MoreRelatedWhy China Slows Down Its Economy Essay1354 Words   |  6 PagesIntroduction Nowadays, the outlook of the global economy is clearly not optimistic, and there are so many severe issues have been plaguing the world economy in recent years. 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