Post
Topic
Board Economics
Re: What has really been behind china's economy
by
franky1
on 18/11/2023, 02:36:46 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.

the answer is simple
when public services like hospitals, road maintenance is done in-house by government contractors. the costs are actually done "at cost" rathern then a 2-3x charge private companies add on. so they do not have to "print" as much money during covid to be syphoned off by private business at 3x profit.

when they build the hospitals for covid they built them far cheaper then the US gov budget handed out to medical corporations to handle covid

instead of handing citizens $1xk per quarter. they instead employed people to do shopping deliveries and welness checks thus people did not have extra out of pocket expense staying home