For many years the United States has been known to be the leading country with the highest success rates in space, science, technology, economics, and agriculture; but China has and will continue to make its way to overtake the United States through their progression.
Although the United States is the leading country for space exploration, China is rapidly becoming a space “superpower. China has successfully accomplished many ground breaking space missions in the year of 2020, starting with putting its final Beidou satellite into orbit, and a month later, China launches an unmanned probe to Mars in its first independent mission to another planet. The progression continues on November 24th, 2020 as China launches an uncrewed mission Chang’e 5 with the efforts of collecting lunar material to help scientists discover more about the moon’s orbit. The mission was successful within less than a month as China successfully landed the Chang’e-5 probe on the moon’s surface. This makes China the third country to have retrieved lunar samples, following the United States and the Soviet Union who accomplished this decades ago. When it comes to science China has also shown great progression with its discoveries, making China a major contributor to science.
One of the key factors that make this possible is that China employs an increasingly large number of labor force individuals within the science and engineering field. Studies have shown that throughout China’s high earnings, they are able to produce more science and engineering degrees than the United States, leading to a greater advantage scientific progression. It’s been very evident that China’s research and development expenditure has been on the rise. Through this China has become the second largest producer of scientific papers behind the United States. China’s growth started between the year 2000 and 2010 with the asset of large expansion of scientists. China’s Rapid increase in the quality of scientists and engineers has allowed the country to be more competitive with other nations including the United States. Examples of this shown with China’s Aviation.
China’s monetary modernization has made ready conditions for business flight to bloom. The business’ development has not just empowered people to travel and trade thoughts, yet it has similarly associated organizations and economies. China is currently traveling via air like never before, and in excess of 500 million explorers go through China’s air terminals every year. Business avionics is additionally turning into an undeniably significant driver of financial turn of events, as China is one of just a small bunch of nations equipped for delivering enormous traveler airplanes. How Beijing deals with this developing industry might demonstrate basics in its push to redesign the economy. Business flight in China has extended drastically throughout the most recent quite a few years.
Driven in huge part by the nation’s rising working class and continuous urbanization, travelers going via air flooded from 62 million out of 2000 to 551 million of every 2017. This added up to one-eighth of the world’s complete traveler air traffic that year, setting China second in absolute number of travelers served, behind just the US at 849 million travelers. In 2016, China operated nine of the world’s 50 most active air terminals. Just nine air terminals in all of Europe positioned in the main 50 around the same time.China’s commercial aviation industry has progressed not only in the number of passengers it carries, but also in technological sophistication. Aircraft manufacturing is a capital-intensive process that requires long research and development cycles. Only a handful of countries, China included, are capable of producing large passenger aircraft which puts them right next to the United States in aviation progression.
China refuses to stop there as they are sore in financial numbers compared to the United states. Despite the United States still being richer than China it has been proven through The World Bank’s international comparison program that the latest measures of price levels and GDP across 176 countries and the results are striking. For the first time, the ICP finds that China’s total real (inflation-adjusted) income is slightly larger than that of the US. Thanks to the drastic size difference between the two countries, China has been able to show rapid growth and stability within their economy and use its size as an advantage to improve during the recent pandemic that hit the United States hard.
Although China was the first country hit by Covid-19, it controlled the disease through swift and extremely strict action, meaning it did not need to repeat economically paralysing lockdowns as European countries have done. As a result, unlike other major economies, China has avoided an economic recession in 2020 and is in fact estimated to see growth of 2% this year. The US economy, by contrast, has been hit hard by the world’s worst coronavirus epidemic in terms of sheer numbers. More than 330,000 people have died in the US and there have been some 18.5 million confirmed cases.
The economic damage has been cushioned by monetary policy and a huge fiscal stimulus, but political disagreements over a new stimulus package could leave around 14 million Americans without unemployment benefit payments in the new year. The Chinese economy is not only benefiting from having controlled Covid-19 early, but also aggressive policymaking targeting industries like advanced manufacturing.
China may not be ahead of the United States just yet, but with consistency and further progression, China will be known as one of the greatest nations.
Categories: Finance, politics, Precision Journalism, science, Technology, travel
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