US Economy Slows, China Bounds Ahead
The US economy has being slowed; in contrast China has developed continually. Actually, some fields such as housing market in the Unite States have troubled, and it has bad effect on the USA’s economy. On the other hand, the People's Bank of China took further steps to cool the economy. Also expectation about china is much stronger than the USA’s now. China's economy surged at an 11% annual rate in the first quarter, and the government announced that inflation rose to its highest level in two years. China’s currency, the yuan, is still kept undervalued, but China government said it’s trying to make its value higher. If this problem has solved, China will be experienced more rapid development.
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