One massive difference is relative spending on tangible infrastructure.
China spends more than 10 times what the U.S. does, with some data sources – Statista, for example – suggesting the lead could be
as much as 40:1. But the U.S. has a massive lead in financial wealth. According to Allianz A. G., in the U.S., average per capita net
financial assets amount to more than $200,000 compared to $12,000 in China. According to the OECD, China’s material resources exceed those of the U.S. by more than 5:1. And the ratio has been climbing as China develops more resources while U.S. resources have been depleting over the past 20 years. For most materials, whether critical or common, the U.S. is a net importer, and for many critical areas China is the leading exporter to the U.S. While China is a net importer of energies, overall its exports far exceed its imports, and even in the energy sector, the country is rapidly increasing its exports of various energy products as result of its leading position in refining....
We Are 4 Months From China’s Launch Of A Digital Currency That Will Backed By Gold....
https://kingworldnews.com/china-to-l...d-in-4-months/