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China and the U.S. face the Global Economic Crisis

Author

Listed:
  • Talmaciu Iuliana

    () (“Constantin Brâncoveanu” University of Pitesti)

  • Voicu Ioana-Iulica

    () (“Constantin Brâncoveanu” University of Pitesti)

Abstract

The year 2009 remains in the history of world economy as being, for all the countries in the world, the year of fight against the global economic crisis. After 2008, when the effects of the financial, banking and stock market crisis have spread throughout the American economy, 2009 has not started under more favorable auspices, so that the U.S. seems to lose rapidly before China in the fight for the best business environment. Given the dramatic economic situation on the U.S. market, new opportunities seem to be seen in Asian business. China no doubt defies the crisis and grows faster than any other economy of another nation, representing one of the biggest opportunities to open a business. It seems that this country bets, in any context, that it can keep the balance indefinitely. [1] Economists see in China the best-positioned area for concentrating the global economy. Imports and growing auto sales are signs which indicate that the Chinese population shows propensity towards consumption.

Suggested Citation

  • Talmaciu Iuliana & Voicu Ioana-Iulica, 2010. "China and the U.S. face the Global Economic Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 788-792, October.
  • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:788-792
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    More about this item

    Keywords

    imports; exports; industrial production; unemployment rate; economic crisis;

    JEL classification:

    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • G01 - Financial Economics - - General - - - Financial Crises

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