Monday, September 26, 2022

China

The United States is often referred to as the bread basket of the world. The country is self sufficient when it comes to food production. In addition the US exported food products valued at $173 billion. China on the other hand runs a food deficit and imports over $100 billion in food products. The US is a net exporter of energy while China is a net importer. Even though China still uses coal for 65% of its energy it imports 67% of its oil and 35% of its natural gas. China's per capita income is $4,200 and the US is $66,000. China spends $226 billion (1.3% of |GDP) on military and the US spends $800 billion (3.4% of GDP).

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