China is a mechanistic nation which reduces its citizens to human labor. It's totally different from the occident where emotions and feelings are valued and people are sensitive and butthurted for minor reasons. It's much simpler to manage an economy composed by robotized humans instead of unstable and demanding humans.
Then you have people working more, receiving inferior payrates, producing more goods and services, without complaining about anything in the end. For the government and other people on the top of the pyramid it's great.
Moreover, the whole world consumes huge volumes of chinese exports. I believe the combination of those factors make China be the economical potency it is.
Topic: What has really been behind china's economy - page 8. (Read 1088 times)
These numbers are manipulated! The main aim of the communist party is to maintain a great image of China infront of the world. But the reality is very different that what you are seeing here.
A good read: https://www.cfr.org/article/chinas-homegrown-crisis
I personally work with 17 Chinese colleagues who are doing the same job since last 18 years without changing the company and with only one promotion. They are afraid of changing jobs as there's not much opportunities available outside the metro cities and it's extremely costly to live in metro cities. Do not believe things coming out of China glorifying themselves.
A good read: https://www.cfr.org/article/chinas-homegrown-crisis
I personally work with 17 Chinese colleagues who are doing the same job since last 18 years without changing the company and with only one promotion. They are afraid of changing jobs as there's not much opportunities available outside the metro cities and it's extremely costly to live in metro cities. Do not believe things coming out of China glorifying themselves.
As far as I knew, China was facing deflation. And we all know high deflation has bad impact like inflation (of course not at the same level but to emphasize the fact that they both have bad impacts). I have read many posts from stompix about china and the conditions are not good there. Prices of things are made so cheap, a gold bar is gifted to those who wanted to buy house (which in reality is just to fake the actual price) well that's another thing.
The point is people are not buying and the production level has increased so much in china but consumption is lower which caused deflation. Of course there are other factors involved too.
Well, I think you are generally comparing the economy of China with other and I think in that comparison China might be doing better than others. Like for example better than Canada and to be honest Canada really is facing situations but people still are going there for educational purposes or on work visa.
The point is people are not buying and the production level has increased so much in china but consumption is lower which caused deflation. Of course there are other factors involved too.
Well, I think you are generally comparing the economy of China with other and I think in that comparison China might be doing better than others. Like for example better than Canada and to be honest Canada really is facing situations but people still are going there for educational purposes or on work visa.
Sometimes as a rational thinker, I've tried to wrap my head around how China has been able to sustain their economy with an estimated GDP growth of 3.00 percent and per CAPITAL GDP of 18187.98 USD, Especially owing to the fact that, they have to much people heavily dependent on her economy and population of over 1.400 billion people.
I see a lot of countries with much lesser population struggling to sustain their economy at this point, with global inflation, the after effect of COVID-19 other multi-dimensional economic problems. Because I can remember vividly that China, are one of the highest hit of COVID-19 but yet they are still waxing stronger economically.
The other day, Pawal7777 was talking about recession hitting CANADA, and that's how other countries are having one difficulty here and there economically. So my point is, what economical indices is china adopting to keep their economy afloat?
Source: https://www.google.com/search?q=what+the+current+GDP+of+china&oq=what+the+current+GDP+of+china+&aqs=chrome..69i57j0i22i30l2j0i390i650.14687j1j4&client=ms-android-xiaomi-rev1&sourceid=chrome-mobile&ie=UTF-8
I see a lot of countries with much lesser population struggling to sustain their economy at this point, with global inflation, the after effect of COVID-19 other multi-dimensional economic problems. Because I can remember vividly that China, are one of the highest hit of COVID-19 but yet they are still waxing stronger economically.
The other day, Pawal7777 was talking about recession hitting CANADA, and that's how other countries are having one difficulty here and there economically. So my point is, what economical indices is china adopting to keep their economy afloat?
Source: https://www.google.com/search?q=what+the+current+GDP+of+china&oq=what+the+current+GDP+of+china+&aqs=chrome..69i57j0i22i30l2j0i390i650.14687j1j4&client=ms-android-xiaomi-rev1&sourceid=chrome-mobile&ie=UTF-8
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