China is with out question the worlds fastest growing super power. There economy is an interesting mix of capitalism and communism. The govt is still communist but they are allowing capitalist to buy, produce, and create any thing they want within the country. In fact they highly encourage and protect their capitalist underlings. China was communist for a very long time until 1920 when they realized that capitalism would help. The country was very pour, but sense they have allow capitalists to due their thing, the country has begun to flourish. China focuses heavily on production and produces most of the worlds goods. They are the number one producer of solar panels according to the LA times.
This solar panel example summaries the U.S. Economy VS. the Chinese's. They are focusing more on the production of new technologies, along with all production together. The U.S. was once the number one producer of cars in the world, which was the new technology of the time, but now China has commandeered that role. This transition in power is mainly due to how cheep people in China are willing to work and the counties strategic move in making the "newer" thing. Migrant works are willing to work for cents for 12 hour shifts. This dedication and competition in China is causing them to out beat the United States.
http://www.nytimes.com/2009/08/25/business/energy-environment/25solar.html
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