Post
Topic
Board Economics
Re: What has really been behind china's economy
by
Fiatless
on 05/09/2023, 07:27:54 UTC
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.
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.