Over Estimating China?

CN is a world economic power, but have they taken the lead?

China's Economy

China does not have a free economy. They have restraints that will hold their economy from being the best that it can be (“2015 Index of Economic Freedom”, 2015). China also has one of the biggest populations in the world. This means that they have a large labor force and are able to manufacture large amounts of an item for cheap. However China's population is primarily older due to the one child policy. When the older population start to retire or die off the economic growth will be affected significantly. Critics say that the US’s economy is coming out of it’s recession and that China’s growth has severely stunted in the past 5 or 10 years (Bird, 4/16/15).

China's Growth is Declining

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Hank Paulson: China's Economy Is Running Out of Steam