What has really been behind china's economy

[kingvirtus09]

China exports in the majority, maybe its comparable to somewhere like Germany or Japan some country led by global demand.   The determining factor is efficiency and China has alot to gain still from moving away from its quite retro agrarian style economy that didn't employ machinery till fairly recently.  They have moved a great distance in just twenty years so far.  Other things like the large building programs seem quite a failure in comparison, corrupt and badly done in many cases so theres alot to learn still.    Just the industrialization of their farming despite many challenges has been massive, its visible on sat images just how massive the alterations are.  

Recently, China's economy has collapsed due to the series of calamities that have passed through their country, one of which is a new series that has damaged a lot of affected private sector businesses. Because of your concern, many people in this country are really trying to get up.

But despite all the events, they continue to export to different countries for their recovery from the calamities. Even the inflation they are facing is not good, as far as I know. In addition, the population of China, which is a very large population, has also been affected in the past short period of time.

[Learn Bitcoin]

As far as I understand, china's economy is boosted by export tech products and the loan service they provide. China's loan interest is higher than that of other international institutes. Still, most countries take loans from China because of their friendly terms and conditions. China extend loan duration multiple times. China offers loans, and they work at the same time. For example, What is the purpose of your loan? If it's because you want to build something, china will give you a loan with the condition that they will work on that project. By doing these tactics, they are getting profit from two sides. One is from lending, and the other one is from the construction work. Here are the countries that are mostly in debt to China

[slapper]

My point exactly, they've created an economy that has sustained a population of over a billion people. That achievement is not cheap in any form.
They've greatly used their population to their own advantage.
They don't only have industries in China that are highly productive, they also have them outside the shores of china, even here in my home country, the Chinese companies have a strong stake in my country's economy.
So the prediction of Chinese economy going to be strong in the next decade is likely possible, because what you see is what you get(GIGO).

I think they had to study more on their economic policies and where able to come up different formulations to that best suits there society, by investing more on science and technology and also giving grand's to small scale medium enterprises to help them have a capital base.

Without a doubt what China has achieved since the government decided to be more lenient and open the economy is a great feat, however it was achieved by massively restricting the freedoms of their citizens, so it should not really be a model we should look up to, besides the greatest challenge for China right now is to keep what they have gained so far, and with a population crisis way worse than what we are seeing in the western countries this is going to be very difficult to achieve.

You're on to something. Undoubtedly, it is difficult to ignore China's economic growth since its economy was opened up. It is obvious that there has been a considerable improvement in living conditions, technological developments, and major infrastructure construction. However, you correctly highlighted the other side of the coin. Huge sacrifices are made in the name of individual liberties. Similar to a scale, it has civil liberties on one side and economic progress on the other. You have excellent understanding into the demographic crisis. It's a ticking time bomb that makes maintaining the economic development they've attained even more difficult. There are many economic and social puzzles in this scenario, each of which is crucial to the broader picture of sustainable growth and progress.

[davis196]

What has really been behind China's economy:
1.Real estate bubbles(Evergrande and other construction giants). Lots of apartments that were built in the past, but nobody wants to buy them.
2.Lots of debt. The Chinese provinces have several trillion USD worth of debt.
3.China is still underdeveloped and it's easier for the underdeveloped economies to growth with 5-10% nominal GDP per year. The developed economies can grow with maximum 2.5% nominal GDP per year.
4.Lots of underpaid labor. Around 1 billion people in China live with approximately 140 USD per month.
5.Lots of manipulated statistics and hidden data. The communists like to lie and deceive.

[Cfntif]

Let me answer this question as a Chinese.

China's economy was indeed very strong at one time. Growth is also rapid. Miracles happened in those years.
But everything changed when China's top brass got into the game of harvesting leeks.

It seems that China's economy has been growing, and that's because currency has been issued. The prices of medical care, education, and housing necessary for life are increasing year by year, and the prices are sky-high.

Even the price of pork once increased by 300% in two months

The end result is that assets have been increasing, but extremely unevenly. Factors such as bank loans and repayment pressure have led to a reduction in consumption power. So this year the Chinese government is forcing consumption. For example, using an officially hired romance scam to help you buy a house with zero down payment and make it look like it's for you. Then the lover disappears, and then you have to pay back the money.

[BigBos]

Similar to a scale, it has civil liberties on one side and economic progress on the other. You have excellent understanding into the demographic crisis. It's a ticking time bomb that makes maintaining the economic development they've attained even more difficult. There are many economic and social puzzles in this scenario, each of which is crucial to the broader picture of sustainable growth and progress.

All factors that support economic growth include population, ideal human productivity and availability of resources. It can be seen from the supply of facilities that are fulfilled. This is based on ideal factors that will very quickly encourage economic growth in developed and developing countries. So, for China itself, there is a kind of strong principle of trust that results in cooperation as adhered to. Why is this important? because to unite principles, one belief is needed that unites various elements of society, both culturally, religiously, and racially. So here I look at China economic growth based on history and I think it should not be missed. remembering that the growth and development of a nation is seen from recorded history to awaken social feelings and help the country achieve ideal conditions of prosperity.

[gunhell16]

Similar to a scale, it has civil liberties on one side and economic progress on the other. You have excellent understanding into the demographic crisis. It's a ticking time bomb that makes maintaining the economic development they've attained even more difficult. There are many economic and social puzzles in this scenario, each of which is crucial to the broader picture of sustainable growth and progress.

All factors that support economic growth include population, ideal human productivity and availability of resources. It can be seen from the supply of facilities that are fulfilled. This is based on ideal factors that will very quickly encourage economic growth in developed and developing countries. So, for China itself, there is a kind of strong principle of trust that results in cooperation as adhered to. Why is this important? because to unite principles, one belief is needed that unites various elements of society, both culturally, religiously, and racially. So here I look at China economic growth based on history and I think it should not be missed. remembering that the growth and development of a nation is seen from recorded history to awaken social feelings and help the country achieve ideal conditions of prosperity.

I saw news on a social media platform on YouTube where China recently built artificial rice terraces, spent a lot of money on a mountain, and destroyed Mother Nature. Then there was a new one, and what was done was that their rice terraces were just damaged by a land slide, which also caused widespread flooding in various parts of China.

And I think that because of this incident, it has caused a lot of damage to their economy. Apart from many of their citizens who have been damaged by micro businesses, their agriculture has also been affected, which is also the reason for the increase in prices. in their country.

[WillyAp]

Even the price of pork once increased by 300% in two months

tripple price in 2 months that is hefty,
Is China copying Venezuela?

[justdimin]

I saw news on a social media platform on YouTube where China recently built artificial rice terraces, spent a lot of money on a mountain, and destroyed Mother Nature. Then there was a new one, and what was done was that their rice terraces were just damaged by a land slide, which also caused widespread flooding in various parts of China.

And I think that because of this incident, it has caused a lot of damage to their economy. Apart from many of their citizens who have been damaged by micro businesses, their agriculture has also been affected, which is also the reason for the increase in prices. in their country.

Growth, and non-stop version of growth is not something you can technically get. Because if you grow to a point, eventually there will not be a place left to grow. Imagine a nation making 1 trillion dollars in deficit, now imagine one that makes 1 trillion in profit, and think about 10 trillion in profit, think of 100 trillion, think of 1 quadrillion. At some point it became stupid and unrealistic right? There isn't even that much money, you can't grow that much.

So what does that tell us? China grew, from those 90's places where they had horrible products and cheap manufacturing where products broke easily, and "made in china" meant shitty product, they turned into one of the strongest economies in the world, but how can they grow even bigger? Not possible, so they are trying their best to ruin the nature and everything else to find and ounce more growth.

[DrBeer]

As far as I understand, china's economy is boosted by export tech products and the loan service they provide. China's loan interest is higher than that of other international institutes. Still, most countries take loans from China because of their friendly terms and conditions. China extend loan duration multiple times. China offers loans, and they work at the same time. For example, What is the purpose of your loan? If it's because you want to build something, china will give you a loan with the condition that they will work on that project. By doing these tactics, they are getting profit from two sides. One is from lending, and the other one is from the construction work. Here are the countries that are mostly in debt to China

"Friendly terms" terms, that's like a black meme. In order to understand how "friendly" lending and investment conditions are for these "friendship victims", it is worth looking at some absolutely real examples of "friendship with China". The most "recent" example is Sri Lanka. I will not tell you what happened there, I may have a personal subjective opinion and assessment. Therefore, I strongly recommend you to study this example, conditions, peculiarities of Chinese friendship, and how it all ended in the end. At the same time, the example of Sri Lanka is not a rare case, if you search, you will find many more victims of "friendship with China". So I would highly recommend to avoid Chinese investments, loans and joint projects.....

[South Park]

Without a doubt what China has achieved since the government decided to be more lenient and open the economy is a great feat, however it was achieved by massively restricting the freedoms of their citizens, so it should not really be a model we should look up to, besides the greatest challenge for China right now is to keep what they have gained so far, and with a population crisis way worse than what we are seeing in the western countries this is going to be very difficult to achieve.

You're on to something. Undoubtedly, it is difficult to ignore China's economic growth since its economy was opened up. It is obvious that there has been a considerable improvement in living conditions, technological developments, and major infrastructure construction. However, you correctly highlighted the other side of the coin. Huge sacrifices are made in the name of individual liberties. Similar to a scale, it has civil liberties on one side and economic progress on the other. You have excellent understanding into the demographic crisis. It's a ticking time bomb that makes maintaining the economic development they've attained even more difficult. There are many economic and social puzzles in this scenario, each of which is crucial to the broader picture of sustainable growth and progress.

The issue with their population growth is at the top of the worries of the Chinese government, after all you cannot have a country without people, and in order to counter this they have relaxed their one-child policy and now they are encouraging people to have more children, but after decades of propaganda the Chinese government is finding out that it is way more difficult to convince people of having more children than the reverse, and it is likely their efforts will fail, and as such a decline on the Chinese economy could be just a matter of time.

[Fortify]

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 not that difficult to work out how they made such epic growth if you understand where they started. Only a few decades ago Mao had reduced the country to economic ruin with his terrible policies and they had a huge population that was barely above subsistence levels. It only took very limited, but also progressive, steps to put them on the right track to the success that we see today. Just a couple generations ago it became the workshop of the world, which basically consisted of very low wages and very tough conditions while they earned enough financial capacity to reinvest. They paid a very high price in terms of human labor and having very lax laws allows for you to compete at a certain level against other countries. Centralized power has also been able to rein in too much corruption from happening, or at least it has to be favorable to the leadership polices at the time. It's bizarre that you think recession is a bad thing, it's normal in all capitalism based countries - including China - but the government in power there is just very restrictive about the information they release which prevents it from being identified anyway.

[Biznesmen]

China is purely a mysterious country; there is nothing we don't know about them until they decide to say so. But one of my friends is starting a business in China, and he said that China is a good country to do business in, and you can do whatever you want. But you can't be against politics and can't question authority. But it's an economically highly ambitious country, even though we only know the half truth. Still, at least in the town areas, they promote the economy; there is no doubt that otherwise, they haven't had the highest GDP growth. Even the global spread of the COVID-19 pandemic has opened up opportunities for China to expand its influence.

[WillyAp]

But one of my friends is starting a business in China, and he said that China is a good country to do business in, and you can do whatever you want

What does he say about inflation?
Living costs etc.. Any Changes over the years?

[DrBeer]

China's trade surplus narrows as exports fall and imports rise unexpectedly
Chinese exports fall, imports rise, trade surplus falls to 17-month low.
Imports will increase by 3%, exports will decline, which will worsen demand for the Chinese economy...

Chinese exports fall for fourth month in a row
At the end of August, exports from China decreased by 8.8% compared to the same period last year. This marked the fourth consecutive month of decline. Imports to China also decreased in August - by 7.3%. Thus, the negative dynamics of imports, established at the beginning of the year, continues to persist - since January, imports on an annualized basis have never shown growth.
Economists see the reason for the decline in both exports and imports as a reduction in demand for Chinese goods in the world, as well as a slowdown in the Chinese economy and consumer demand, which causes a decrease in demand for raw materials and goods from abroad.

https://www.kommersant.ru/doc/6199418

Taking into account the “economic inertia,” if this process is not stopped, it will pick up speed and simply crush the Chinese economy. But the question is - how to stop? China's games of "yuanization" of BRICS apparently did not work out. This means that the attempt to make many BRICS members “slaves of the Chinese economy” in order to support Chinese exports (purely the economy) also failed.

[benalexis12]

Without a doubt what China has achieved since the government decided to be more lenient and open the economy is a great feat, however it was achieved by massively restricting the freedoms of their citizens, so it should not really be a model we should look up to, besides the greatest challenge for China right now is to keep what they have gained so far, and with a population crisis way worse than what we are seeing in the western countries this is going to be very difficult to achieve.

You're on to something. Undoubtedly, it is difficult to ignore China's economic growth since its economy was opened up. It is obvious that there has been a considerable improvement in living conditions, technological developments, and major infrastructure construction. However, you correctly highlighted the other side of the coin. Huge sacrifices are made in the name of individual liberties. Similar to a scale, it has civil liberties on one side and economic progress on the other. You have excellent understanding into the demographic crisis. It's a ticking time bomb that makes maintaining the economic development they've attained even more difficult. There are many economic and social puzzles in this scenario, each of which is crucial to the broader picture of sustainable growth and progress.

The issue with their population growth is at the top of the worries of the Chinese government, after all you cannot have a country without people, and in order to counter this they have relaxed their one-child policy and now they are encouraging people to have more children, but after decades of propaganda the Chinese government is finding out that it is way more difficult to convince people of having more children than the reverse, and it is likely their efforts will fail, and as such a decline on the Chinese economy could be just a matter of time.

At that point, you are quite right. The population in China is very large; if I think about how small our country is, it is only 1/4 the size of China. So, it's no wonder that there are so many people in China.

The number of unemployed residents there is also likely to be large. Even so, the Chinese races are resourceful enough to survive. But recently, the country of China was really affected by a series of calamities, which caused their economy to collapse and also caused the majority of their subjects to suffer.

[DrBeer]

China's economic problems seem to be intensifying:

China continues to lose attractiveness for capital. Over the past few weeks, this trend, which has been going on since the beginning of 2023, has only intensified. Moreover, it has hit the Chinese yuan.

It is reported that the rate of capital outflow from China reached a record monthly figure since the beginning of 2016. We are talking about the amount of 53.9 billion dollars that were transferred out of the country Recall that in August, 49 billion dollars were withdrawn from China, which was the peak since 2015.

At the same time, the yuan is losing ground due to capital outflow
Against this background, the exchange rate is trading at 7.30 yuan against the US dollar. The currency's position is weakening despite official Beijing's efforts to support it. Interestingly, these efforts were complicated by the aggressive monetary policy of the US central bank. The fact is that this has caused the spread between U.S. and Chinese government bond yields to reach the widest gap in 20 years.

[arimamib]

China is purely a mysterious country; there is nothing we don't know about them until they decide to say so. But one of my friends is starting a business in China, and he said that China is a good country to do business in, and you can do whatever you want. But you can't be against politics and can't question authority. But it's an economically highly ambitious country, even though we only know the half truth. Still, at least in the town areas, they promote the economy; there is no doubt that otherwise, they haven't had the highest GDP growth. Even the global spread of the COVID-19 pandemic has opened up opportunities for China to expand its influence.

China is a big country that, in economic aspect, provide big market and many low paid workers. their culture is so competitive at trading in their own country and with other countries. despite being in so far east, China have long history in trading with Egypt and even Europe.

to start business in china or with china is something can be said easiest compared to other countries in the world, because they biggest human resource in the world. their work ethic at trading is the best thing they have that makes china is economically powerful. Their GDP throughout years is up and down, but never been in worrying situation. 

[CageMabok]

At that point, you are quite right. The population in China is very large; if I think about how small our country is, it is only 1/4 the size of China. So, it's no wonder that there are so many people in China.

China is indeed a large country and has quite a large population, but the Chinese people always understand more about the trade sector so that they can adapt themselves to any environment and conditions when they are in another place or in another country. We can see this in almost all countries in the world where Chinese people can develop through the work they do in other countries.

The number of unemployed residents there is also likely to be large. Even so, the Chinese races are resourceful enough to survive. But recently, the country of China was really affected by a series of calamities, which caused their economy to collapse and also caused the majority of their subjects to suffer.

The cause of disasters such as the decline of the economy in a large country like China, is because there is no new land that can be utilized by the residents there to create new jobs that can give them better results. I am not surprised to see that the Chinese people are quite clever in developing the economy in their own lives, but currently almost all countries are experiencing difficulties in the economic sector, so this causes the people to need new land to work in order to earn income.

[Bushdark]

As far as I understand, china's economy is boosted by export tech products and the loan service they provide. China's loan interest is higher than that of other international institutes. Still, most countries take loans from China because of their friendly terms and conditions. China extend loan duration multiple times. China offers loans, and they work at the same time. For example, What is the purpose of your loan? If it's because you want to build something, china will give you a loan with the condition that they will work on that project. By doing these tactics, they are getting profit from two sides. One is from lending, and the other one is from the construction work. Here are the countries that are mostly in debt to China

China is a wise country and if you have a relationship with them as a country, they are ready to give you loan to help grow your country without much interest but what I noticed is that many country take the opportunity to keep borrowing money from them and mostly lavish the money without using it to grow there country.

China may have a bigger economy that the United States some day because even the United States depend on China for some certain raw materials to grow there assets. In the next 20 years China might become the world biggest economy so far.