december 8th

China’s economy has grown very quickly over the last 30 years due to the number of
1) _exports_________ they send to countries like the United States. It is almost impossible to name a product that Americans use that is not 2) _imported_________from China – toys, clothes, electronics, and furniture. The Chinese government has spent more than $568 billion on improving transportation in China in order to increase the Chinese economy. One recent development has been the introduction of a bullet train that runs between two major Chinese cities.
Its 3) __function________ is not just to transport passengers, but to help increase China’s economy by helping to transport goods between cities faster.In 2009, China became the world’s largest
4) _exporter_________ of goods to the rest of the world. It is expected that China’s economy will become the world’s largest by 2027, beating out the United States. It is difficult for the United States to compete with China. We 5) ___import_______ four items from China for every one
6) _export_________ that we send there. This means fewer jobs for U.S. workers and more jobs for Chinese workers. The benefit that Americans receive from the high number of Chinese imports is that it allows U.S. stores to offer lower priced goods. However, many Americans feel that the U.S. government’s 7) _function_________ is to decrease this trade deficit if the U.S. wants to remain the largest economy in the world.