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China, U.S. Leadership, and Geopolitical Challenges in Asia (CRS Report for Congress)

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Release Date Dec. 22, 2014
Report Number IF10029
Report Type In Focus
Authors Susan V. Lawrence
Source Agency Congressional Research Service
Summary:

After 35 years of fast-paced economic growth, China is now the world’s second-largest economy in nominal terms and is estimated to be the largest in purchasing power parity (PPP) terms, with a modernizing military and enhanced strategic clout. China is the United States’ second largest trading partner. For more than 120 countries, it is now a larger trading partner than the United States. China is also a major investor on several continents.