Topic: What has really been behind china's economy - page 5. (Read 1055 times)

You're touching on a very important point here: how the efficiency of human resources drives economic growth. China’s success is more than just a stroke of luck. Progress is made due to the coordinated efforts of political leaders, market forces, and astute entrepreneurs. I think China looks at the big view whereas other countries sometimes change their minds based on what's beneficial for them in the short term

They have channeled the energy of their large people into innovation. It's easy to forget how far they've come in areas like food and clothing while the rest of the world is amazed by their expertise in subjects like electronics. It's incredible how well they project requirements for global trade. Is this merely common sense, or is there a robust data analytics mechanism at work here?

The point is ideal human resource productivity. There are many factors behind China's success in the eyes of the world economy, including business principles, strong politics and the economic system it adheres to that has been tested for decades. All thanks to China's productive society which creates innovation in every industrial sector, including clothing, food and shelter, because that is the only key for the world economy to move in a better and more stable direction. Plus, the government is focused on providing facilities that suit demand and talent. Without needing to look at statistics, China can guess what economic resources the world needs.

China's economy There are many factors that have contributed to the country's rapid economic growth in recent decades, including a huge workforce, strong manufacturing sector, and large-scale infrastructure projects. But there are also some challenges and concerns, such as a growing debt burden, aging population, and trade tensions with the United States.

To start, one of the biggest drivers of China's economic growth has been its massive labor force. The country has a large population of more than 1.4 billion people, and a significant portion of them are of working age. This has allowed China to become a manufacturing powerhouse, producing a wide range of goods and exporting them around the world. In addition to labor, another important factor has been China's investment in infrastructure. The government has invested heavily in things like roads, railways, and airports, which has helped to boost economic activity and facilitate trade

SOURCE--

if you have a little time then read the article above, China's achievements in the last few decades are truly beyond expectations, they were able to rise from adversity and succeeded in becoming one of the countries with the strongest economy and military in the world, to be honest the population in China makes the economy they strengthen because demand for food increases, so many business opportunities are created. It is predicted that the Chinese economy will continue to be strong for the next few decades, their government's policy is very good in maintaining the consistency of the Chinese economy, other countries like it must be able to imitate the tricks that China uses in managing their economy.

This is true! Ireland is a perfect example of why GDP doesn't mean anything. Ireland is number 3 country by GDP per capita. Does this mean that average Irish person is richer or earns more than average Danish? Definitely not. The GDP per capita in Ireland is so high because big US corporations have headquarters in Ireland to avoid taxes and this significantly increases numbers in statistics and if anything, in Ireland, money goes in Dublin. Also, I know people who earn up to 6 figures but still can't afford to live in Dublin because of enormously increased rent prices and life outside of Dublin is rarely good.

I'm sorry to disappoint you...
And about the "vaccine" - they are neither the first nor the best, and about the technologies - they are Western/borrowed/stolen. And about the assessment of the power of the economy - no matter how you "spin" the numbers - China is far from the quality of the economy, compared to the US, Germany and other advanced Western countries. Plus the huge dependence on exports plays a cruel joke on them. And the current state of the Chinese economy is the best proof of my words.
Although I would like to add - I give China credit and respect them for their efforts, due to which they have made a difficult way from an agrarian country of the third world to a TOP position in the world economy. Unlike, for example, their northern neighbor, which has 40% of the world's resources, but from year to year degrades, and not reversibly. China was able, over the previous decades, to defeat communist kleptomania and give freedom to people and business.

China's technological and economic progress has greatly benefited developing countries. So that high-tech products become affordable, and raw materials are purchased by China at reasonable prices, China even builds raw material processing factories in developing countries, thus opening up job opportunities.

In the past, before China's progress, developing countries were exploited by developing countries selling their technological products at very high prices while raw materials from developing countries were bought very cheaply. This was a form of neo-colonialism (a new style of colonization using technology instead of weapons). So, countries such as the United States, Japan and other developed countries are disadvantaged by China's progress. now they can no longer monopolize their technology because they cannot compete with high-tech Chinese products at affordable prices. China's progress has improved human welfare. Products that used to be expensive are now affordable so that people with low incomes can buy the goods they need because the prices are cheaper. Maybe this is what makes China's economic strength strong.

I really hope that my country, as a developing country, can take advantage of China's rise for the progress of my country. Now many countries can buy machines and capital goods at affordable prices from China to advance the business world and increase people's productivity instead of buying consumer goods from China.

They can continue to produce cheap goods because the aim of making these goods is sustainable production, the cheaper an item is, the lower the quality, so the more often people will buy the product because they still need the product.
China's economy is extraordinary, but if we talk about the data, it could be manipulated by them because China always tries to make the image of their country good but actually it's not completely like that. Its citizens are still migrant workers in several countries, even for low wages, which proves that their economy is not as great as is reported. China succeeded in colonizing many countries with their cheap products but their economy remains the state's.

Or it must be because they are claiming lands that aren't theirs? oops 

Anyways, they are one of the biggest exporters of microchips, computers, and other materials that are used all over the world, so meaning of that, they are really earning hugely as most of the country gets those items to them, and also, as you can see, most of the cheap products or even the expensive ones are made in China, so they are really hustling hard in exporting.

The problem with other countries is that they are only relying on investors from other countries, and mostly they are prioritizing local, which is always good for citizens, but the income of the country is not great.

The total GDP is one thing and the GDP per capita is the other thing. For example:
China GDP: #2
China GDP/capita: #72

To make it easy, which one do you choose: (1) $5000 monthly income with 2 children, and (2) $10,000 monthly income with 100 children. The option (2) isn't "very good" IMO

Not sure how you came up with the idea of "provide a solution and technological advancements" while they steal intellectual properties from other countries. Also, they weren't as helpful as the propaganda says when COVID hits.

I can also recommend to read the topic of what is "China's shadow banking". It will become clear how the "internal kitchen" of the Chinese economy is organized, about real debts and real problems. Real problems that the Chinese government is very careful to hide and conceal. This is the case with Evergrande Group and the little-known Country Garden Holdings.  To be clear, the risk of this shadow banking market is more than 3 trillion dollars.

Beijing has started to "close" the official statistics on unemployment, especially among the young population

The China had the product for the world population at the cheap cost,China also not the big economy like other Asian Nation.They had start to use their population in the good way,because China was the top of the world population.Using the population their had manufactured the product which will competition with the domestic product of any country.Actually the China product will be half the price of the domestic product,So the people buy the China product compared to their own domestic product.This was the cause of the China become the powerful economy.

I agree, as someone who has a friends in China I know how strong government funded all of the things that will benefit the country in the long run. They put education as one or maybe the top priority among all other things, they even have a good structures and education facility in their country. I know that some of the people only knew China for their replicated products but the thing is most of the global companies are in China for cheaper resources and we cannot deny how patriotism China have.

GDP might only be an estimation use to measure the countries performance so they may not be accurate but I think it was still being used until now when we check the countries ranking if who is the richest or the poorest. China's economy is not bad but actually it was very good.

I think they are next to US. They are the first country to hit by Covid-19 and the said virus originated on them. They are being blamed by any other people/countries but later on our views change about them because they made a cure for it and they help other by supplying medical equipment. They don't have a real super power like on what we see in the fictional movies but they have a super power in a way that they can provide a solution and technological advancements.

Slapper got an argument slap!

Well, my country is one of the countries that like to disguise almost everything... so by some government officials "Serbia is an economic tiger and in almost everything, we are better than the others..." with an average salary of $700. A country that "seemed to have come out of communism and socialism"... and where are we now I really wouldn't know what to say about that.

Well, you are confused about how China maintains that its growth is low but still sustains its economy. there are many factors behind it. let's talk about some factors, The govt makes an investment in education, infrastructure, and health which helps to increase to improve productivity, They have a strong manufacturing sector which increases the opportunity for jobs and a high number of labourers.

The population of China is very large instead of making it difficult for them they take benefit of it as it provides large domestic markets. The Chinese government has brought numerous reforms in recent years which attracted the foreigners to invest there. And due to the strong manufacturing sector, their export ratio is high.

In my view, These are some other factors from the above that stabilize their economy, After the covid 19 the economy of the whole world was disturbed but China has covered it faster than others.  

Yeah this is culture sort of thing I think, there are situations where they are very good but also I could name a lot of things that they are not that good as well. Like a Chinese visitor is not something nations want from tourism, have you seen a group of Chinese people going to a hotel? Or a restaurant? In another nation of course, not in their own homeland.

I could tell you that since I worked in tourism before, there was absolutely no other nation we would not prefer, they were worst kind of tourists, does that mean they are bad people? Of course not, individually they were all great people, but culturally they thought that it is HOW you act when you are another nation, they just didn't know any better and wasn't show the true ways.

What art? Margin of error in statistics is different from lying, margin of errors don't cause miscount in the total population of a country it's supposed to be an adjustment so it indicates that there's no absolute number. Check out this link, talks about the lies on China's statistics.
I am not pretending or anything, I'm just telling the truth about what's really out there, this lines sounds too much like you bootlick too much about China, yes there are various forms of control on other parts of the world when it comes to the Internet but if you try at least once to look at the big picture, you'll see the difference in freedom that you and I have on the Internet compared to those who are in China. Here's some more links to help you understand why your claim is false at best.
I don't know about your moral standards but if your definition of achieving a goal means you try and restrict someone's freedom of speech and being an insensitive asshole like China, I don't think that many would be saying you're right.
I admit, I don't have the data for the RMB utilized only on China but you could've at least back that up with an article or something. Regarding RMB performing well, this article and this video says otherwise. Just because it's added in the SDR basket doesn't mean that it's good or performing well, China is still a big economic powerhouse so it's only natural that they're going to be eventually added on that besides the other stuff I don't know about why it's there.
Not a lot of countries create fake windows to disguise under construction buildings to look like they're finished so they can save face in an upcoming event.

The average Chinese person is disciplined and saves money. Of all the Chinese people I have met, they have strong life principles in the economic world, so I think that is the background to all real economic activity. If you look at it from the perspective of China as the largest manufacturing producer, on average in my country spare parts, children's toys, home furnishings and other things are written "made in China". And as we know, many countries are already dependent on products from China, even America itself, including its consumers. Apart from that, products that want to enter China are quite difficult and have many requirements, so that MSMEs in China do not have many competitors from outside, and that is one thing that the background to which China's economy remains strong.

China is one of the countries that doesn't play with their economy development at all, they hold strict well the way they handles it and monitor every part of its innovations, they also go against any thing that could tarnish their development and therefore strictly work on their law enforcement and regulations with their citizens, there's a low level of corruption in China because of the impending judgement that awaits anyone found in such menace, wll these are what constitutes their wholesome economy among other top developed countries in the world.