Persuasive Paper
The Effects of the Chinese Economy on the U.S. Economy
Hai Lu
ESL 4230 – Winter 2013
Professor Gonsior
Persuasive Draft 3
The Effects of the Chinese Economy on the U.S. Economy
The U.S. has become the biggest economy and played leadership role of the world after the World War II. After the U.S. established the position of the global financial center, the world has entered the period of the Market Economy. The Market Economy is a kind of economic system, in which the companies and enterprises make their developing strategies in order to achieve the maximization on both personal and social profits. Many countries adapt the Market Economy, so that they promote their domestic economy on the financial freeway. China also has studied the cases from the countries running the Market Economy and established the Market Economy as its financial system in 1978. After the development over three decades, China has become the second biggest economy and the biggest consuming market of the world. Especially after 2001, China’s entry into World Trade Organization (WTO) makes the connections between the two biggest economies into a much deeper extent. There are many important effects brought by China to the U.S. economy. Therefore, when the question is related if the Chinese economy brings more positive effects than negative effects to the U.S. economy, people’s attitudes are divided. Some opponents argue that China brings more negative effects to the U.S. economy, since China gives trade deficits, raises the risks of import safety, and competes job opportunities to the U.S.. However, these arguments are not completely true, because China also contributes many positive effects to the U.S. economy. Although the opposing arguments focus on the negative effects brought by the Chinese economy, the Chinese economy may bring more positive effects than the negative effects to the U.S. economy because the Chinese economy could strengthen economic safety, offer natural resources,
Hai Lu
ESL 4230 – Winter 2013
Professor Gonsior
Persuasive Draft 3
The Effects of the Chinese Economy on the U.S. Economy
The U.S. has become the biggest economy and played leadership role of the world after the World War II. After the U.S. established the position of the global financial center, the world has entered the period of the Market Economy. The Market Economy is a kind of economic system, in which the companies and enterprises make their developing strategies in order to achieve the maximization on both personal and social profits. Many countries adapt the Market Economy, so that they promote their domestic economy on the financial freeway. China also has studied the cases from the countries running the Market Economy and established the Market Economy as its financial system in 1978. After the development over three decades, China has become the second biggest economy and the biggest consuming market of the world. Especially after 2001, China’s entry into World Trade Organization (WTO) makes the connections between the two biggest economies into a much deeper extent. There are many important effects brought by China to the U.S. economy. Therefore, when the question is related if the Chinese economy brings more positive effects than negative effects to the U.S. economy, people’s attitudes are divided. Some opponents argue that China brings more negative effects to the U.S. economy, since China gives trade deficits, raises the risks of import safety, and competes job opportunities to the U.S.. However, these arguments are not completely true, because China also contributes many positive effects to the U.S. economy. Although the opposing arguments focus on the negative effects brought by the Chinese economy, the Chinese economy may bring more positive effects than the negative effects to the U.S. economy because the Chinese economy could strengthen economic safety, offer natural resources,
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