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.
The China had the product for the world population at the cheap cost,China also not the big economy like other Asian Nation.They had start to use their population in the good way,because China was the top of the world population.Using the population their had manufactured the product which will competition with the domestic product of any country.Actually the China product will be half the price of the domestic product,So the people buy the China product compared to their own domestic product.This was the cause of the China become the powerful economy.