This week's lesson revealed that China is currenlty ranked 2nd in terms of biggest economies, based on nominal GDP, and in recent times has been outpacing the number 1 ranked U.S.A. in terms of economic growth.It was also stated in the lesson that it is expected China may overtake the U.S.A and become the largest economy in the coming years.

With the recent times and supply chain shortages, it has caused some nations to question their reliance on trade for economic growth and stability.China has implemented a dual circulation plan.Do some research on China's dual circulation plan and complete both Parts A and B of the discussion activity (see below):

Part A:

Once you have completed your research on China's dual circulation plan, click the "Reply" button (see below) and include the following information in your post:

1.Based on your research and your own analysis, do you think China's dual circulation policy will help or limit its economic growth?Explain your reasoning.

Some things to consider:

Benefits of international trade on economic and business growth (our Week 7 lesson)

The debate between trade and protectionism

The effects of supply chain shortages on economic growth (as currently seen worldwide)

sustainability of domestic market demand

2.Provide links to any resources that you may have used in your research and that helped you form your opinion.

Part B:

Reply to another student's post using the following guidelines:

Be sure to reply to a post that has a different opinion than your own.

Your comment could include things such as:

why you disagree with the student's analysis or opinion (remember to be respectful in your comments)?

specify whether they have made points in their post that you did not consider previously and whether you now have changed your opinion.

whether you have additional thoughts on the student's perspective.

 

Answer rating: 100% (QA)

You can start by researching Chinas dual circulation plan by looking at official government sou... View the full answer