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The first thing to highlight regarding the subject in question is that the economy of the United States of America is no longer considered to be the biggest economy of the world. The economy of China has become the biggest economy in the world.
However, the economies of both countries have not been growing for a while. Instead, they show the tendency of slowing down. The biggest challenge which the economy of China faces these days is the government of the country which seems to act rather slowly. In such a way, the country may miss tons of great opportunities that are currently available. What is more, there is a chance to enter a few new markets at the moment which is the reason why it is so vital to take action right away.
What is also essential to highlight is that China currently has a very big chance to become the world’s superpower. The only thing left for this country to do is to decide whether they really want this scenario to be developed as well whether this is the direction which the government of the country is willing to take.
All in all, the current problem for the economy of China these days is that it is not growing even though it is the biggest economy in the world right now. For this reason, the biggest decision for its government is to finally choose a direction the country wants to follow and to keep working in order to achieve the goals which they have set.
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