If you talk about any championship match, we see the stakes to be on the higher side for the team, which happens to be a defending champion. As compared to the contender, the defender has much more to lose than the other. Similar is the story of US-China as the former happens to be the defending champion, while the latter acts like a contender. With the current power tussle, one can easily make out how things between the two superpowers are heading. Well, let’s check who is the best in the following paragraphs:
Background – US Vs China
China has a rich history, which dates back to 1200 BC. Since the early nineties, the country has boosted up its global outreach along with the participation in the global groups. Talking about the US, it gained recognition only in the 18th century. It has been pitted with several issues like inflation, low employment, and other things. Yet in the early nineties, it managed to emerge as a superpower in the world.
Geography – US Vs China
In terms of Geography of both the countries, the former wins the race. The US holds a total of 9,833,517 sq km, which includes the land area of 9,147,593 sq km and the water comprises 685,924 sq km. While talking about China, it holds the total area of 9,596,960 sq km with a land area of 9,326,410 sq km and the water area of 270,550 sq km. In this respect, the US seems to be leading the show as China is slightly smaller than the US.
Economy – the US vs China
The United States is considered to be among the most technologically advanced and powerful economies in the world. The GDP per capita remains to be around 59,500 USD. The US firms have remained at the forefront when it comes to technological advances. These include areas like IT, healthcare, pharmaceuticals, aerospace, and military equipment. However, experts feel that their advantage seemed to have gone narrow since the end of World War II.
Talking about China, it has come closer to the US when it comes to coming up with the centrally planned system coming along with the more market-oriented method. It plays a vital role when it comes to coming up as a major global player. It has managed to go with the tenfold increase in GDP since the late seventies. With constant reform, the country has developed in collectivized agriculture, increased autonomy for state enterprises, development of stock markets, growth of the private sector, and a modern banking system that is open for global trade. China is growing when it comes to getting a good and effective industrial policy.
In many ways, the US leads, while in some of the cases China seems to be trending higher than the other nation. The tug of war between the two nations would continue, so the debate as to who is the best remains futile as both of the nations claim to be number one in the world.