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 to 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 how other countries are having one difficulty here and there economically. So 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 how other countries are having one difficulty here and there economically. So 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
China us a country that is well disciplined and principled, they control their own system from within and also try to manage themselves without depending on any other country for sustainability, they encourage their local production and develope nee inventions, their productivity is very high and competitive, all these are part of what constitute to the growth of their economy and they make their law very strict against any importation of foreign items than what they locally produced from their own country, we can also see their population growth as part of what make their economy boom because they plan and control their population, as you can see the massive growth from their GDP.