Author Question: China's economy has surged, and in 2014, overtook the United States as having the largest economy in ... (Read 63 times)

genevieve1028 · **on:** Jul 13, 2018

China's economy has surged, and in 2014, overtook the United States as having the largest economy in the world. However China's economic success has been tempered by concerns. What are three weaknesses in the Chinese economy?

Question 2

In Dubai, one of the city states of the United Arab Emirates, wealth created initially on oil revenues has made it possible for some to build almost anything, including islands in whimsical shapes.
Indicate whether the statement is true or false

lgoldst9 · **Reply #1 on:** Jul 13, 2018

Answer to Question 1

1 . China does not allow freedom of expression and brutally suppresses academic, media, and artistic freedoms.
2 . China's leaders have pursued large infrastructure projects hoping to fuel economic growth and create jobs. However, the returns on these rojects are uncertain and state banks are pouring billions of dollars into them, drawing down on the national treasury.
3 . China has been developing a classic economic bubble that will likely burst.
4 . The labor force is shrinking.
5 . Capital, labor, energy, and land are becoming pricier.
6 . Inflation and unemployment are growing.
7 . The country is too dependent on exports.

Answer to Question 2

T