ABSTRACT
This chapter analyses China's growth rates and from there it will compare the data to the growth rates of the United States and the European Union. According to the World Bank's Global Economic Prospects released June 2017, China's Gross Domestic Product growth estimate for 2015 was 6.9 percent followed by its 2016 growth rate estimate of 6.7 percent. According to the European Commission in 2017, the European Union's trade deficit with China has been increasing precipitously from around 55 billion Euros in 2007 to approximately to 180 billion Euros in 2017. The Chinese Ministry of Commerce has repeatedly urged the United States to abide by its commitment against trade protectionism and work together with China and other members of the international community to maintain a free, open and just international trade environment. The chapter also presents an overview of the key concepts discussed in this book.
