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?
It's actually pretty straight forward and simple, there's no need to overthink it. For many years they had the biggest population on the planet. After Mao's disastrous policies were overturned and the current government (although a much more progressive form) positioned the country on a path away from basic subsistence into manufacturing. Before "Made in China" there was "Made in Taiwan" and probably other countries before that. They dragged hundreds of millions up by improving education, housing, production standards and enforcing laws to a certain degree. They could build on a much bigger scale than was ever imagined because the government helped drive it forward. It's just a shame Xi Jinping is choosing to drag it back down again now.