Topic: What has really been behind china's economy - page 6. (Read 1055 times)

Certainly, China has established itself as a global manufacturing powerhouse, producing wide range of products for the whole world, in short it is known as "the factory of the world" capable of manufacture everything from consumable goods to ight and heavy machinery for agriculture and industrial use.

However,  economy of China is slowing down due to deflationary pressures, in particular the real estate sector is facing liquidity challenges, and real estate giant corporations like Evergrande has filed bankruptcy.

When artificial intelligence and robotics technology become cheaper in the next fifty years, American and European industry will become less dependent on manpower. I wonder how China will feed its billions of unskilled workers and citizens as a result. China is a cheap labor economy based entirely on cheap manufacturing. Although they have recently come to the forefront with automobile technology, this does not mean that they are not cheap labor.
It is the United States and Europe that are growing China. These countries were looking for cheap production zones outside their borders and for many years China was their production base. Now as technology becomes cheaper, people are being replaced by machines.

China, no matter how much it invests in research and development, no matter how many high tech moves it makes, draws its economic strength from cheap labor and its billion strong workforce.
European and American economies are making moves to reduce human dependency in industry
The unit cost of a fully robotic factory will be cheaper than human labor in the coming years. This will be a big test for economies like China and India, which rely entirely on cheap unskilled labor.

Socialist countries don't let outsiders know their internal situation, so we have to accept what they say China's inflation rate is very high, their brothers are very high and their real rate of GDP is very low, and because of good relations with Russia, Western countries buy much less of their goods buying.The main reason for China's economy is that their products are technical products, agricultural products and other products. They earn a large part of their economy by exporting these products to foreign countries. Clothing industry is considered as one of their major industries is USA and western world countries are China's main market there they earn their income by trading products like aluminum steel etc. along with electronic products, and they are different They also earn huge interest through loans to underdeveloped and developing countries investing in those countries and putting them in huge debt trap like Sri Lanka with their Hambantota Tota The seaport has been leased, there may be a similar situation in Pakistan.Currently, we know that the most prosperous country in the world is the United States of America, but according to the purchasing power of the annual GDP, it is the most powerful country. China is the most powerful country.China, North Korea and the socialist states have their own privates Does not disclose information and about their economy or and about their economy or that The information is almost all given by them in fact their economic condition is not very good their economy is currently standing with the help of various products selling interest and electronic products.And Chinese people work hard Because many of their population do not want to leave once they get a job, they are afraid of not getting a job later and because of their large population, their economy is already strong because everyone is in some kind of work Being employed is one of the tools to boost their economy, and they keep the economy strong through the income of this population and their various policies in the outside world.
The main reason why their economy is strong is that they have a lot of industries. Where there is a lot of manpower and their biggest source of income is their investment they make a lot of money from investment Earnings and abroad are different Industries export a lot of products Industries export a lot of products Various Sustaining China's economic market sustaining region is South Asia twenty-two regions in these regions they sell a lot of their goods and force different countries to sell because of their debt A pressure is on those states.
Finally, I can say that Chinese citizens are very skilled, and their technical knowledge is much more industries and factories they work hard and struggle after covid 99 has made their economy stronger They and there are many reasons behind it. They are orderly nations. They obey the head of the state and all economic activities are disobedient to his orders.
Likewise, they and there are many reasons behind it. They are orderly nations. They obey the head of the state and all economic activities are disobedient to his order Key tool.China's large investors from various countries are the main tool to sustain China's economy This is the main reason.

When I was educated, even long ago, examples were given from the Chinese economy. Their good economy is due to the fact that they have a solid education system. When you give the training in the best way, the quality of other things automatically increases. This is exactly the system we see in China.

The fact that they can produce the goods they export cheaply makes it difficult to find alternatives. They have a very large export product market. Being one of the biggest shareholders of this market for years shows that China is successful.

I certainly agree, they focus on nurturing their education system and make sure that more people focus on putting up businesses. They always focus on making money and they know how to deal with every economic crisis. They have a firm foundation as they aren't just putting up businesses in their own country but other countries as well and they are also into exporting their products.
They are wise enough to handle their finances individually or even in corporate businesses. They are the type of people who won't feel contented and satisfied with what they currently have but rather always up to creating strategies and techniques to grow what they have.

It should be taken into account that China is a certain kind of regime country ruled by communists. There are not a lot of freedoms there. Therefore, it is not so difficult to manage the economy. The common people actually do not benefit from economic development at all

Yes and no
It all depends on the balance of the economy and the amount of population.
In fact, China has more population relative to the number of normal paying jobs than necessary. So we have a well-developed industrial coast south/east of the country, and inland - unemployment rises, incomes fall.
Low population is also bad. For example, in some European developed countries, there is on the contrary a lack of population. This is a "brake" for both development and support of the current economy of the country. No growth - population grows old - social burden grows - taxes decrease. Which is also bad.
In a word - balance is needed in everything !

China is a strong and orderly country.  They have manpower and by utilizing this manpower they are making great progress.  China is putting a lot of emphasis on technical education which is increasing their skills and as a result they are making various new innovations.  Although they do not tell the secret of their improvement.  Yet we can say that productivity, manpower, discipline among them are the keys to their financial success. I will add one more thing to this, they mainly emphasize technical education, they get more hands-on education.

In my opinion that many people is actually a benefit instead of obstacle. With that many people the competition for job is very tight and people are more willing to take lower salary, with generally low salary it will boost production and thus the Industry will be much easier to develop, expand and scale. I think the same will/are happening in India.

A big population isn't always a downside because lots of people also means a lot of workforce. China's a manufacturing country, lots of things are made there, both by off-brand companies and by big international brands. That's because people there are more used to working a lot, working hard, but getting paid less than workers in, say, Western countries. By producing tons of stuff for export and engaging in a very active trade both with Asian countries and with the West, China can maintain a powerful economy, although that by no means results in a lack of struggling people or that the wealth China accumulates is distributed reasonably and fairly.

An alternative to China as a "world producer" could emerge at any moment. For the sake of objectivity, it should be said that the most competitive and so far difficult to replace and in demand are high-tech products. They are produced in factories built by Western investors and companies, using Western technologies. All the rest, China's nearest neighbors produce no worse, and maybe even better - Vietnam, Indonesia, Cambodia, Malaysia, Thailand - this is what I personally observed, and perhaps other countries in the region. And there are already technological centers in some of them. I think diversification of risks and the current situation of confrontation between China and the Western world will lead to the fact that alternative production will be in these countries, and they will become the "largest producers". Yes, it will take time, but it is a well-considered and correct move.
Yes, and don't forget about India - a powerful country with a more stable economy than China, plus a full-fledged regional leader and a country occupying a worthy position in the world hierarchy !

agreed with this one, the thing with china is that their manufcaturing facilities are already too advanced that many companies that have put their manufacturing in china are hesitant to move to other countries even though there are alternatives like south east asia mainly vietnam that have as low manufacturing fee as china but the facilities surrounding it are still in development even though it took that development rapidly.
the other thing might be the fact that many of these company are already getting used to manufactures their goods in china so they just went with it.
the reason their gdp is ever growing is because these manufacturing of goods that took place in china I assume is always rising so fast.
things might change when vietnam and the other south east asian countries finished developing their infrastructure for manufacturing.

The new vector of Deng Xiaoping is usurpation of power, curtailment of freedoms, control of the state over private business. This is a new turn in the history of China, but not upward, but downward - i.e. degradation.
The problem is that in China, over the previous decades, people got new opportunities and got used to "almost Western" governance in China. It is silly to deny that over the last 2-3 decades both investor countries and the Chinese leadership from an agrarian country of the third world made China - in fact, the second economy of the world !  But now the process is turning backwards... Investments are leaving, laws are tightening, control and influence of the state on citizens and private business, very much intensified. Plus - COWID and world destabilization have created huge problems for the Chinese economy. And we have yet to hear the "rumblings of China's falling economy" because China is very closed, in terms of inside and critical information. But it is a matter of time. Although, if China manages to "pull the yuan over the heads" of the BRICS members - as the currency of internal settlements in BRICS, and China manages to "dedollarize" their economies - China will be able to save its economy. But the truth - at the expense of the economies of the unfortunate BRICS members.

First of all China is a producing countries and many other countries are dependent on China for the purpose of importing useful material so this is the main reason that economy of China is high.

The people of China are creative so whenever hard situations arises there they does not depends on others but work for the development of equipments that are suitable for handling such situations.

There are lots of electronic material which other countries imports from China which increases its economy so its clear that if people of a country are creative and larger import they make then the economy of that country will be increasing.

First off, the art of understanding statistics requires an appreciation for nuances. Yes, there are certain discrepancies between how things are reported in Western and Eastern media that I have looked at. Let's not, however, pretend that this exclusively occurs in China. With regard to the assertion that the Internet is controlled, numerous nations employ various facets of information control. I'm not suggesting we should be cruel to them; rather, I'm just saying let's not.

How about using "bullying" to achieve your goals? To influence global brands and decisions, all nations employ both soft power and hard power. Geopolitics at its most fundamental. The Chinese yuan is a concern. Is it utilized solely in China? This is incorrect. On foreign markets, the yuan has performed well. Even the IMF included it in its SDR basket. Ever ponder why?

Isn't this the case for many developing nations when it comes to real estate and alleged construction shortcuts?

There's no doubt that the Chinese government had brought hundreds of millions of people out of poverty in the last few decades. In the early years they achieved this by creating many millions of factory jobs which had rather "basic' conditions with health and working hour conditions that would never be accepted in developed countries. However lately they face the typical problem that new generations of workers are wanting to gravitate towards less menial tasks but there does not seem to be capacity to support them. Combined with older generations using property as their main investment/retirement vehicle it creates a rather chaotic situation which may unravel the whole economy.

I think here everyone must admit the fact that China is good at diversity and innovation. It's clear that the difficult global context has caused many areas to limit development, leading to problems economy. I've only seen data from the press for a long time as a source of what they want us to pay attention to, and in terms of economics, we have to observe many other issues that they are concerned about, from policies their changes, their position internationally all demonstrate that success cannot be denied.

I know that many people don't like China (or rather the government) but they obviously can't please everyone, and the truth is they are also trying to do well. In addition, I also heard about domestic consumption recovering quickly in China. Chinese people have a strong propensity to consume, and the rapid recovery of the consumer market has helped drive economic development.

A few decades ago China was a developing nation but they were later blessed with good leadership. Their leaders saw the population as an advantage and took advantage of it. They invested heavily in education and made many citizens skillful. Many Chinese students were sponsored to study in US universities where they were exposed to American technology. They began to copy American technology and created cheap labor and products. In a few years, they became the cheapest place to produce many products and many nations moved their industries to China. China gradually became the major trading partner of the most powerful nations and built their influence.

Currently, China is facing several problems due to its aging population because of bad birth control policies. Donald Trump made some policies that made many US companies sever ties with China. And the Covid 19 also affected the economy. But China is an example of a country that turned a problem to an opportunity and it is also an example of how good political leadership can change a country positively.

They are producing everything in China. Even the US manufacturers are going to China for the production due to lower production costs. Also, they are giving loans to every country. If you check country-wise bitcoin holdings, China has higher bitcoin holdings. Other things are they can create any virus and control the world population. They can create the medication for that as well. So they can be the next powerful country in the world.

There is difficulty in verifying the validity of the data coming from China, and we cannot consider that GDP is the only measure to say that the country is in an economic problem or not, but what is certain is that the Chinese economy is easy to control compared to the economies of the West, and the long-term vision and planning make the country have a cash reserve that enables it to The consequences of any financial crisis have exceeded, and if we note that China's reserves of the dollar and treasury bonds have decreased significantly during the last 3 years.

We need to wait several years to judge the impact of COVID-19 on the economies of countries and whether a country has succeeded in doing so or not, but it is wrong to compare China with Canada due to the large differences in the structure of the economy between both countries.