A Comparison OF THE U.S. AND Chinese Economy.pptVIP

* Jack W. Hou 侯维忠 Professor of Economics 经济学教授 California State U. 美国加州州立大学长滩分校 * 2010 U.S. China GDP $14.772 trillion 1 $5.88 trillion 2 PPP Adjusted $14.772 trillion 1 $10.08 trillion 2 Per Capita $47,275 17 $4,283 95 PPP Adjusted $47,275 6 $7,518 93 GDP Growth Rate 2.8% 10.46% GDP Employment by Sector Agriculture 1.2% 0.7% 9.6% 39.5% Industrial 21.9% 20.3% 46.8% 27.2% Service 76.9% 79.1% 43.6% 33.2% Labor Force 154.5 million 17.5% 819.5 million 17.5% Unemployment Rate 9.2% 4.2% Inflation Rate 2.1% 2011 4.9% 2011 Gini Coefficient 0.45 0.469 * 2010 U.S. China Export $1.280 trillion $1.506 trillion Destination Canada, Mexico, China 4.3% , Japan U.S. 20.03% , HK, Japan, S. Korea Import $1.948 trillion $1.307 trillion Origin China 15.4% , Canada, Mexico, Japan Japan, HK, U.S. 7.66% , Taiwan FDI Stock $2.398 trillion $1.00 trillion or so Gross External Debt $14.39 trillion $406.6 billion Public Debt as % of GDP 100% 17.5% Foreign Exchange Reserves $140.607 billion $3.05 trillion Credit Rating AAA ? AA+ AA- Ease of Doing Business 5 79 China – U.S. Bilateral Trade, 2001-10 $ billion 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 US exports 19.2 22.1 28.4 34.7 41.8 55.2 65.2 71.5 69.6 91.9 % change* 18.3 14.7 28.9 22.2 20.5 32.0 18.1 9.5 -2.6 32.1 US imports 102.3 125.2 152.4 196.7 243.5 287.8 321.5 337.8 296.4 364.9 % change* 2.2 22.4 21.7 29.1 23.8 18.2 11.7 5.1 -12.3 23.1 Total* 121.5 147.2 180.8 231.4 285.3 343.0 386.7 409.2 366.0 456.8 % change* 4.5 21.2 22.8 28.0 23.3 20.2 12.8 5.8 -10.6 24.8 US balance -83.0 -103.1 -124.0 -162.0 -201.6 -232.5 -256.3 -266.3 -226.8 -273.1 Notes: *Calculated by USCBC. US exports reported on a free-alongside-ship basis; imports on a general customs- value basis.Source: US Department of Commerce; US International Trade Commission ITC * * * * * * Dependency Ratio: Pop. 0-14 + Pop. 65+ / 15-64 Population * * Child Dependency Ratio: 0-14 Population / 15-64 Population El