Will there be an American comeback? The extraordinary rise of China appears to have stopped under President Xi’s rule, while the US shows signs of picking itself up again.
China exports fall again as economy struggles
Will there be an American comeback? The extraordinary rise of China appears to have stopped under President Xi's rule, while the US shows signs of picking itself up again.
What's happening?
Zhang is not happy. A local factory is looking for workers, but paying only £500 a month. The job advert says workers must "work hard".
Zhang is like many young Chinese people. They were told the economyThe way that money flows through a country, which affects wages and the cost of living. would be strong for a long time. But now they are struggling to find good jobs.
Not long ago, people said that China would overtake the US as the world's largest economy. This now looks unlikely.
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ExportsGoods that are made in one country and then sold in another. - goods that are made in factories in China and sold in other countries - are falling.
So what has gone wrong? Some blame Chinese leader Xi Jinping for giving the top jobs to people loyalConstantly supporting a person or group, and not switching sides. to him. Meanwhile, fewer people are being born, so the number of people of working age will keep falling.
Meanwhile, many think the US economy is doing well.
Will there be an American comeback?
Yes! China is going through a very hard time. It may be years before its economy grows again. America will act now to make a comeback.
No! China still has one of the world's biggest economies. And the USA faces many problems. A comeback is unlikely.
Keywords
Economy - The way that money flows through a country, which affects wages and the cost of living.
Exports - Goods that are made in one country and then sold in another.
Loyal - Constantly supporting a person or group, and not switching sides.
China exports fall again as economy struggles
Glossary
Economy - The way that money flows through a country, which affects wages and the cost of living.
Exports - Goods that are made in one country and then sold in another.
Loyal - Constantly supporting a person or group, and not switching sides.