What has really been behind china's economy

[jrrsparkles]

The answer is simple, China is the manufacturing hub of the world right now so they are managing to keep it that way as long as possible We can't deny that fact most countries are still dependent on China for products which includes big tech giants like Apple so I can get the clear picture why they are ahead of other countries. And for the record surely they are going to surpass every nation as soon as possible.

And China is no different from other countries where the rich get richer and the poor get poorer so GDP growth doesn't reflect on the entire 1.4 billion people but it definitely the reflection of the top 1% or whatever it is.

[Latviand]

• Lying, there's a report already that they've lied about their statistics in their population so what's stopping them from lying about other things, they're secretive and they keep denying stuff that's already proven by multiple sources and censor their Internet, what kind of country who is honest about the stuff going on in their country have to hide that they censor their social media platforms heavily?
• Currying favors through bullying, China uses their large population and their production capabilities to make brands submit to their ideals, no celebrity or brand can talk shit about China without ever apologizing the next day.
• Corruption, no need to elaborate on this too much, Chinese buildings that they reported can be built in a day or weeks are held together by substandard products and expedited processes to skimp on the building funds so they can pocket more.
• Real estate in China is a good economic booster but at the same time their demise because people are buying properties in advance even though they don't exactly have any physical houses yet to be given to those buyers.
• Their currency yuan is exclusive iirc, meaning that it only circulates in the country and so it shows that their economy is actually growing.

These are not the facts, they're all the stuff that I've read and watched about economics throughout the years so I could be entirely wrong about all of these. I welcome any corrections .

[dothebeats]

The thing with China is that they do not disclose information regarding their country and government fully. I believe there are some articles stating that some, if not most, of the statistics produced pertaining to China and its economy were all made up (I would probably go back here and cite some sources myself). However, I think what's keeping China ahead of other countries is that China is serving as the manufacturing hub of the world. Most of the parts needed by big companies like Apple are sourced from China. For some who are not aware, despite some products stating that they are made in the US or other Western countries, you will see if you search that the majority of the parts needed for that specific product were made and gotten from China, it was just assembled in the US or the country it claimed to be made in. Moreover, education in China is really good and they are very strict in ensuring that children there are given more than what they need in terms of academics, I'm sure a lot of us have already heard how strict they are with academic achievements.

[Kakmakr]

I think I will rather stay in a country where my civil rights are protected and where I can still strike, if my employer abuse those rights. The Chinese government and their leaders ...run that country with an iron fist... and the citizens have very little freedom.

The economic data that are released are not verified and not transparent at all.... so the little bit of information that are released are most probably manipulated.

The sad part is that the Chinese people are happy with that.... and it works for them, but I do not want to live there for all the money in the world. 

[DrBeer]

The thing with China is that they do not disclose information regarding their country and government fully. I believe there are some articles stating that some, if not most, of the statistics produced pertaining to China and its economy were all made up (I would probably go back here and cite some sources myself). However, I think what's keeping China ahead of other countries is that China is serving as the manufacturing hub of the world. Most of the parts needed by big companies like Apple are sourced from China. For some who are not aware, despite some products stating that they are made in the US or other Western countries, you will see if you search that the majority of the parts needed for that specific product were made and gotten from China, it was just assembled in the US or the country it claimed to be made in. Moreover, education in China is really good and they are very strict in ensuring that children there are given more than what they need in terms of academics, I'm sure a lot of us have already heard how strict they are with academic achievements.

This is a problem inherent in all totalitarian or near-totalitarian countries. The fact is that in such countries information is used mostly for manipulation and propaganda. Take North Korea for example - there they flew on the sun and won all Olympics and world championships in all disciplines. Well, how else to keep the starving population in inhuman conditions in their hands - they must be restrained by such positive lies. And of course - their economic indicators are also "the highest in the world", and the whole world "lives much worse than North Korea"
Of course, China has not sunk to such a level, but it uses some of the "techniques" of information manipulation. For example, gold and currency reserves - were and remain completely closed information.... Once in the 20s they published it more or less openly, and that's it, the information is no longer available. But there is a lot of "beautiful data" about the economy and "the strong hand of Deng Xiaoning, leading China to world domination". By the way - the next term of Deng Xiaoping became possibly fatal for China.  Now the government has begun to restrict private business, total control is being introduced, freedoms that have not had time to fully develop are being curtailed, and all this is unlikely to benefit China, given its current critical problems in the economy.

[Yamane_Keto]

There is difficulty in verifying the validity of the data coming from China, and we cannot consider that GDP is the only measure to say that the country is in an economic problem or not, but what is certain is that the Chinese economy is easy to control compared to the economies of the West, and the long-term vision and planning make the country have a cash reserve that enables it to The consequences of any financial crisis have exceeded, and if we note that China's reserves of the dollar and treasury bonds have decreased significantly during the last 3 years.

We need to wait several years to judge the impact of COVID-19 on the economies of countries and whether a country has succeeded in doing so or not, but it is wrong to compare China with Canada due to the large differences in the structure of the economy between both countries.

[@sriyan]

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?

Source: https://www.google.com/search?q=what+the+current+GDP+of+china&oq=what+the+current+GDP+of+china+&aqs=chrome..69i57j0i22i30l2j0i390i650.14687j1j4&client=ms-android-xiaomi-rev1&sourceid=chrome-mobile&ie=UTF-8

They are producing everything in China. Even the US manufacturers are going to China for the production due to lower production costs. Also, they are giving loans to every country. If you check country-wise bitcoin holdings, China has higher bitcoin holdings. Other things are they can create any virus and control the world population. They can create the medication for that as well. So they can be the next powerful country in the world.

[Fiatless]

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.

A few decades ago China was a developing nation but they were later blessed with good leadership. Their leaders saw the population as an advantage and took advantage of it. They invested heavily in education and made many citizens skillful. Many Chinese students were sponsored to study in US universities where they were exposed to American technology. They began to copy American technology and created cheap labor and products. In a few years, they became the cheapest place to produce many products and many nations moved their industries to China. China gradually became the major trading partner of the most powerful nations and built their influence.

Currently, China is facing several problems due to its aging population because of bad birth control policies. Donald Trump made some policies that made many US companies sever ties with China. And the Covid 19 also affected the economy. But China is an example of a country that turned a problem to an opportunity and it is also an example of how good political leadership can change a country positively.

[bluebit25]

I think here everyone must admit the fact that China is good at diversity and innovation. It's clear that the difficult global context has caused many areas to limit development, leading to problems economy. I've only seen data from the press for a long time as a source of what they want us to pay attention to, and in terms of economics, we have to observe many other issues that they are concerned about, from policies their changes, their position internationally all demonstrate that success cannot be denied.

I know that many people don't like China (or rather the government) but they obviously can't please everyone, and the truth is they are also trying to do well. In addition, I also heard about domestic consumption recovering quickly in China. Chinese people have a strong propensity to consume, and the rapid recovery of the consumer market has helped drive economic development.

[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?

There's no doubt that the Chinese government had brought hundreds of millions of people out of poverty in the last few decades. In the early years they achieved this by creating many millions of factory jobs which had rather "basic' conditions with health and working hour conditions that would never be accepted in developed countries. However lately they face the typical problem that new generations of workers are wanting to gravitate towards less menial tasks but there does not seem to be capacity to support them. Combined with older generations using property as their main investment/retirement vehicle it creates a rather chaotic situation which may unravel the whole economy.

[slapper]

• Lying, there's a report already that they've lied about their statistics in their population so what's stopping them from lying about other things, they're secretive and they keep denying stuff that's already proven by multiple sources and censor their Internet, what kind of country who is honest about the stuff going on in their country have to hide that they censor their social media platforms heavily?
• Currying favors through bullying, China uses their large population and their production capabilities to make brands submit to their ideals, no celebrity or brand can talk shit about China without ever apologizing the next day.
• Corruption, no need to elaborate on this too much, Chinese buildings that they reported can be built in a day or weeks are held together by substandard products and expedited processes to skimp on the building funds so they can pocket more.
• Real estate in China is a good economic booster but at the same time their demise because people are buying properties in advance even though they don't exactly have any physical houses yet to be given to those buyers.
• Their currency yuan is exclusive iirc, meaning that it only circulates in the country and so it shows that their economy is actually growing.

These are not the facts, they're all the stuff that I've read and watched about economics throughout the years so I could be entirely wrong about all of these. I welcome any corrections .

First off, the art of understanding statistics requires an appreciation for nuances. Yes, there are certain discrepancies between how things are reported in Western and Eastern media that I have looked at. Let's not, however, pretend that this exclusively occurs in China. With regard to the assertion that the Internet is controlled, numerous nations employ various facets of information control. I'm not suggesting we should be cruel to them; rather, I'm just saying let's not.

How about using "bullying" to achieve your goals? To influence global brands and decisions, all nations employ both soft power and hard power. Geopolitics at its most fundamental. The Chinese yuan is a concern. Is it utilized solely in China? This is incorrect. On foreign markets, the yuan has performed well. Even the IMF included it in its SDR basket. Ever ponder why?

Isn't this the case for many developing nations when it comes to real estate and alleged construction shortcuts?

[MFahad]

They are producing everything in China. Even the US manufacturers are going to China for the production due to lower production costs. Also, they are giving loans to every country. If you check country-wise bitcoin holdings, China has higher bitcoin holdings. Other things are they can create any virus and control the world population. They can create the medication for that as well. So they can be the next powerful country in the world.

First of all China is a producing countries and many other countries are dependent on China for the purpose of importing useful material so this is the main reason that economy of China is high.

The people of China are creative so whenever hard situations arises there they does not depends on others but work for the development of equipments that are suitable for handling such situations.

There are lots of electronic material which other countries imports from China which increases its economy so its clear that if people of a country are creative and larger import they make then the economy of that country will be increasing.

[DrBeer]

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?

There's no doubt that the Chinese government had brought hundreds of millions of people out of poverty in the last few decades. In the early years they achieved this by creating many millions of factory jobs which had rather "basic' conditions with health and working hour conditions that would never be accepted in developed countries. However lately they face the typical problem that new generations of workers are wanting to gravitate towards less menial tasks but there does not seem to be capacity to support them. Combined with older generations using property as their main investment/retirement vehicle it creates a rather chaotic situation which may unravel the whole economy.

The new vector of Deng Xiaoping is usurpation of power, curtailment of freedoms, control of the state over private business. This is a new turn in the history of China, but not upward, but downward - i.e. degradation.
The problem is that in China, over the previous decades, people got new opportunities and got used to "almost Western" governance in China. It is silly to deny that over the last 2-3 decades both investor countries and the Chinese leadership from an agrarian country of the third world made China - in fact, the second economy of the world !  But now the process is turning backwards... Investments are leaving, laws are tightening, control and influence of the state on citizens and private business, very much intensified. Plus - COWID and world destabilization have created huge problems for the Chinese economy. And we have yet to hear the "rumblings of China's falling economy" because China is very closed, in terms of inside and critical information. But it is a matter of time. Although, if China manages to "pull the yuan over the heads" of the BRICS members - as the currency of internal settlements in BRICS, and China manages to "dedollarize" their economies - China will be able to save its economy. But the truth - at the expense of the economies of the unfortunate BRICS members.

[poodle63]

The answer is simple, China is the manufacturing hub of the world right now so they are managing to keep it that way as long as possible We can't deny that fact most countries are still dependent on China for products which includes big tech giants like Apple so I can get the clear picture why they are ahead of other countries. And for the record surely they are going to surpass every nation as soon as possible.

And China is no different from other countries where the rich get richer and the poor get poorer so GDP growth doesn't reflect on the entire 1.4 billion people but it definitely the reflection of the top 1% or whatever it is.

agreed with this one, the thing with china is that their manufcaturing facilities are already too advanced that many companies that have put their manufacturing in china are hesitant to move to other countries even though there are alternatives like south east asia mainly vietnam that have as low manufacturing fee as china but the facilities surrounding it are still in development even though it took that development rapidly.
the other thing might be the fact that many of these company are already getting used to manufactures their goods in china so they just went with it.
the reason their gdp is ever growing is because these manufacturing of goods that took place in china I assume is always rising so fast.
things might change when vietnam and the other south east asian countries finished developing their infrastructure for manufacturing.

[DrBeer]

The answer is simple, China is the manufacturing hub of the world right now so they are managing to keep it that way as long as possible We can't deny that fact most countries are still dependent on China for products which includes big tech giants like Apple so I can get the clear picture why they are ahead of other countries. And for the record surely they are going to surpass every nation as soon as possible.

And China is no different from other countries where the rich get richer and the poor get poorer so GDP growth doesn't reflect on the entire 1.4 billion people but it definitely the reflection of the top 1% or whatever it is.

agreed with this one, the thing with china is that their manufcaturing facilities are already too advanced that many companies that have put their manufacturing in china are hesitant to move to other countries even though there are alternatives like south east asia mainly vietnam that have as low manufacturing fee as china but the facilities surrounding it are still in development even though it took that development rapidly.
the other thing might be the fact that many of these company are already getting used to manufactures their goods in china so they just went with it.
the reason their gdp is ever growing is because these manufacturing of goods that took place in china I assume is always rising so fast.
things might change when vietnam and the other south east asian countries finished developing their infrastructure for manufacturing.

An alternative to China as a "world producer" could emerge at any moment. For the sake of objectivity, it should be said that the most competitive and so far difficult to replace and in demand are high-tech products. They are produced in factories built by Western investors and companies, using Western technologies. All the rest, China's nearest neighbors produce no worse, and maybe even better - Vietnam, Indonesia, Cambodia, Malaysia, Thailand - this is what I personally observed, and perhaps other countries in the region. And there are already technological centers in some of them. I think diversification of risks and the current situation of confrontation between China and the Western world will lead to the fact that alternative production will be in these countries, and they will become the "largest producers". Yes, it will take time, but it is a well-considered and correct move.
Yes, and don't forget about India - a powerful country with a more stable economy than China, plus a full-fledged regional leader and a country occupying a worthy position in the world hierarchy !

[kryptqnick]

A big population isn't always a downside because lots of people also means a lot of workforce. China's a manufacturing country, lots of things are made there, both by off-brand companies and by big international brands. That's because people there are more used to working a lot, working hard, but getting paid less than workers in, say, Western countries. By producing tons of stuff for export and engaging in a very active trade both with Asian countries and with the West, China can maintain a powerful economy, although that by no means results in a lack of struggling people or that the wealth China accumulates is distributed reasonably and fairly.

[icalical]

In my opinion that many people is actually a benefit instead of obstacle. With that many people the competition for job is very tight and people are more willing to take lower salary, with generally low salary it will boost production and thus the Industry will be much easier to develop, expand and scale. I think the same will/are happening in India.

[|MINER|]

China is a strong and orderly country.  They have manpower and by utilizing this manpower they are making great progress.  China is putting a lot of emphasis on technical education which is increasing their skills and as a result they are making various new innovations.  Although they do not tell the secret of their improvement.  Yet we can say that productivity, manpower, discipline among them are the keys to their financial success. I will add one more thing to this, they mainly emphasize technical education, they get more hands-on education.

[DrBeer]

A big population isn't always a downside because lots of people also means a lot of workforce. China's a manufacturing country, lots of things are made there, both by off-brand companies and by big international brands. That's because people there are more used to working a lot, working hard, but getting paid less than workers in, say, Western countries. By producing tons of stuff for export and engaging in a very active trade both with Asian countries and with the West, China can maintain a powerful economy, although that by no means results in a lack of struggling people or that the wealth China accumulates is distributed reasonably and fairly.

Yes and no
It all depends on the balance of the economy and the amount of population.
In fact, China has more population relative to the number of normal paying jobs than necessary. So we have a well-developed industrial coast south/east of the country, and inland - unemployment rises, incomes fall.
Low population is also bad. For example, in some European developed countries, there is on the contrary a lack of population. This is a "brake" for both development and support of the current economy of the country. No growth - population grows old - social burden grows - taxes decrease. Which is also bad.
In a word - balance is needed in everything !

[Unbunplease]

It should be taken into account that China is a certain kind of regime country ruled by communists. There are not a lot of freedoms there. Therefore, it is not so difficult to manage the economy. The common people actually do not benefit from economic development at all