From former US President Donald Trump’s trade conflict with China to House Speaker Nancy Pelosi’s controversial visit to Taiwan in August, ties between the US and China have been delicate in recent years.
To better understand the views of Washington and Beijing, it is necessary to take a look back at some of the economic conditions underpinning relations between the two largest global economies.
China expected to overtake US as the largest economy
With China’s reformation in the 1970s, the nation facilitated its own rapid rise in the world’s economy.
Today, many experts anticipate that China’s economy will surpass that of the US in the coming decade. These predictions cite China’s substantial improvements in the export sector as the primary growth factor.
According to the Centre for Economics and Business Research (CEBR) report, the Chinese GDP is expected to grow by 5.7% annually until 2025,…