Post
Topic
Board Economics
Re: What has really been behind china's economy
by
JunaidAzizi
on 09/09/2023, 16:45:37 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.

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.