China is analysed based on two sets of indicators – macroeconomic and microeconomic. Since 1978, it is observed that the growth has been constantly at 9% per year. It has also ensured sustainable development of about 700 million people in China. There are two areas where China has been very successful – exports and capital investment (Cypher and Dietz, 2004). The consumption of goods and services has increased in recent times due to variations in consumer spending and this has created pressures in financial management.
When China is analysed on a global scale, it is evident that China has about 19% global GDP which is a good sign (World Bank, 2017). However, GDP from Chinese industry has fallen greatly and the agriculture sector has also not performed well . The economy is open to traders and this is the reason for the growth in its global GDP. In the last 10 years, there is an increase of government debt to GDP and the trade balance is also unsteady. The areas where China excelled and gained sustainability include gross national product, GDP per capita PPP and GDP constant prices. The product industry has been performing well while service industry still requires further development.
The future of China implies the need for strategies to develop the country’s GDP and also restructure the service industry. This can increase the employment rate, minimum wage structure and control the inflation rate (World Bank, 2017). The import prices are constant and the policy only requires sustainability with supporting infrastructure. China is a developing country and the development indicators have clearly stated that the economic development is happening at a very slow pace and require better strategies to cope with other countries.
With a population of 143.7 million as per reports given by World Bank, Russia turns out to be greatly affected because of the limited government concept (World Bank, 2010). The inflationary pressure has affected the stability of macroeconomic environment. The judicial effectiveness is poor such that it has affected the private sector and trading activities. The GDP rate is decreasing year by year which shows a poor sign of development. The government spending has perhaps crossed the limit and developed tax burdens to the country. As a result, the fiscal health is at stake and there is no monetary freedom for people in the country.