By Dorothy Neufeld – Visual Capitalist
Today, the global balance of power is shaped by many forces, including economic strength, trade, and a country’s defense-industrial base.
While the U.S. and China stand as two great powers, their sources of strength vary significantly. America has unrivaled status in capital markets, and its reserve currency status shows little sign of being overtaken anytime soon. Meanwhile, China’s influence in international trade has grown substantially, now being the top trading partner for 120 countries worldwide.
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