What has really been behind china's economy

[Synchronice]

GDP means nothing to people. its a useless stat that is made by using debt as an asset to project any countries "power" in the world rankings

here is the thing. if 2 countries never changed its PRODUCTION of goods and services.. the numbers can change upto 15% just by having the numbers calculated different by simply seeing a different forex rate

to add to this
when countries own bonds of other countries and are receiving 1-5% interest. again doing nothing adds 1-5%
then adding more 'money print' cash into circulation adds a few percent on too.. all without any goods or service production increase

so in short. stop caring about GDP it means nothing is not based on anything meaningful and can be manipulated on many factors that dont affect real life tangible change

This is true! Ireland is a perfect example of why GDP doesn't mean anything. Ireland is number 3 country by GDP per capita. Does this mean that average Irish person is richer or earns more than average Danish? Definitely not. The GDP per capita in Ireland is so high because big US corporations have headquarters in Ireland to avoid taxes and this significantly increases numbers in statistics and if anything, in Ireland, money goes in Dublin. Also, I know people who earn up to 6 figures but still can't afford to live in Dublin because of enormously increased rent prices and life outside of Dublin is rarely good.

[Renampun]

- GDP
- Per-capita GDP
- Shares of the three industries' value added of GDP
- Newly added employment in urban areas
- Total energy output
- Total retail sales of consumer goods
- Year-end foreign exchange reserve
- Foreign trade
- Imports and exports of goods
- Fiscal revenue
- Earnings from international tourism
- Foreign direct investment
- Crude steel output
- Output of grain
- Total investment in fixed assets of China
- etc

SOURCE--

if you have a little time then read the article above, China's achievements in the last few decades are truly beyond expectations, they were able to rise from adversity and succeeded in becoming one of the countries with the strongest economy and military in the world, to be honest the population in China makes the economy they strengthen because demand for food increases, so many business opportunities are created. It is predicted that the Chinese economy will continue to be strong for the next few decades, their government's policy is very good in maintaining the consistency of the Chinese economy, other countries like it must be able to imitate the tricks that China uses in managing their economy.

[Osinachinancy]

China's economy There are many factors that have contributed to the country's rapid economic growth in recent decades, including a huge workforce, strong manufacturing sector, and large-scale infrastructure projects. But there are also some challenges and concerns, such as a growing debt burden, aging population, and trade tensions with the United States.

To start, one of the biggest drivers of China's economic growth has been its massive labor force. The country has a large population of more than 1.4 billion people, and a significant portion of them are of working age. This has allowed China to become a manufacturing powerhouse, producing a wide range of goods and exporting them around the world. In addition to labor, another important factor has been China's investment in infrastructure. The government has invested heavily in things like roads, railways, and airports, which has helped to boost economic activity and facilitate trade

[hyudien]

if you have a little time then read the article above, China's achievements in the last few decades are truly beyond expectations, they were able to rise from adversity and succeeded in becoming one of the countries with the strongest economy and military in the world, to be honest the population in China makes the economy they strengthen because demand for food increases, so many business opportunities are created. It is predicted that the Chinese economy will continue to be strong for the next few decades, their government's policy is very good in maintaining the consistency of the Chinese economy, other countries like it must be able to imitate the tricks that China uses in managing their economy.

The point is ideal human resource productivity. There are many factors behind China's success in the eyes of the world economy, including business principles, strong politics and the economic system it adheres to that has been tested for decades. All thanks to China's productive society which creates innovation in every industrial sector, including clothing, food and shelter, because that is the only key for the world economy to move in a better and more stable direction. Plus, the government is focused on providing facilities that suit demand and talent. Without needing to look at statistics, China can guess what economic resources the world needs.

[slapper]

if you have a little time then read the article above, China's achievements in the last few decades are truly beyond expectations, they were able to rise from adversity and succeeded in becoming one of the countries with the strongest economy and military in the world, to be honest the population in China makes the economy they strengthen because demand for food increases, so many business opportunities are created. It is predicted that the Chinese economy will continue to be strong for the next few decades, their government's policy is very good in maintaining the consistency of the Chinese economy, other countries like it must be able to imitate the tricks that China uses in managing their economy.

The point is ideal human resource productivity. There are many factors behind China's success in the eyes of the world economy, including business principles, strong politics and the economic system it adheres to that has been tested for decades. All thanks to China's productive society which creates innovation in every industrial sector, including clothing, food and shelter, because that is the only key for the world economy to move in a better and more stable direction. Plus, the government is focused on providing facilities that suit demand and talent. Without needing to look at statistics, China can guess what economic resources the world needs.

You're touching on a very important point here: how the efficiency of human resources drives economic growth. China’s success is more than just a stroke of luck. Progress is made due to the coordinated efforts of political leaders, market forces, and astute entrepreneurs. I think China looks at the big view whereas other countries sometimes change their minds based on what's beneficial for them in the short term

They have channeled the energy of their large people into innovation. It's easy to forget how far they've come in areas like food and clothing while the rest of the world is amazed by their expertise in subjects like electronics. It's incredible how well they project requirements for global trade. Is this merely common sense, or is there a robust data analytics mechanism at work here?

[DrBeer]

China's economy There are many factors that have contributed to the country's rapid economic growth in recent decades, including a huge workforce, strong manufacturing sector, and large-scale infrastructure projects. But there are also some challenges and concerns, such as a growing debt burden, aging population, and trade tensions with the United States.

To start, one of the biggest drivers of China's economic growth has been its massive labor force. The country has a large population of more than 1.4 billion people, and a significant portion of them are of working age. This has allowed China to become a manufacturing powerhouse, producing a wide range of goods and exporting them around the world. In addition to labor, another important factor has been China's investment in infrastructure. The government has invested heavily in things like roads, railways, and airports, which has helped to boost economic activity and facilitate trade

If you reverse the order of factors, the picture is quite correct! First came the technology, so mass production began. If you read the history of China before this "acceleration" of the economy - you will learn that in 60-80 years in China there was more population than in any other country. But they produced primitive and, to put it mildly, not very high quality goods.  It was Western investments, equipment, technology, and knowledge that made China a modern China from an agrarian country in the third world.

[Broly46]

The nations has only recently come to the spotlight in just a few years, it was a quick raising to the top unexpectedly, that is why it kinda remind me of japan renaissance, back in 2000, it was nothing but famine land with high crime rate, and many of them are farmers just after the revolution, where they completely distrusted paper cash by focus their life to farm their own food insteads of work for money, they are absolutely and perfectly fine to just afford beans and rice for every lunch, no fancy internet or gadget or English lesson, can they sustain themselves? I can safely say nearly everyone of them could just cut down their expense greatly by quickly adopting to beans and rices again, while there might be some exceptions, there is minority megarich who got rich doing their shady biz during the booming period, would have troubles to frugal bean and rice lifestyle, that they are gonna leave the wasteland with their massive cash heists too, they are all greedy bastard and they would never leave any money behind to the communist scum too. I wouldn't dare say to the younger gen btw, they seem to be highly internet addicts, it is very tedious to estimate, a 50/50 chance that is also why the ccp are now trying to damage control and introducing all sort of nationalizing measures, think of pointless social credit scores etc, they can't have good rest until they can finally get all of their unrest rebels in full control all over again.

[AmoreJaz]

if you have a little time then read the article above, China's achievements in the last few decades are truly beyond expectations, they were able to rise from adversity and succeeded in becoming one of the countries with the strongest economy and military in the world, to be honest the population in China makes the economy they strengthen because demand for food increases, so many business opportunities are created. It is predicted that the Chinese economy will continue to be strong for the next few decades, their government's policy is very good in maintaining the consistency of the Chinese economy, other countries like it must be able to imitate the tricks that China uses in managing their economy.

The point is ideal human resource productivity. There are many factors behind China's success in the eyes of the world economy, including business principles, strong politics and the economic system it adheres to that has been tested for decades. All thanks to China's productive society which creates innovation in every industrial sector, including clothing, food and shelter, because that is the only key for the world economy to move in a better and more stable direction. Plus, the government is focused on providing facilities that suit demand and talent. Without needing to look at statistics, China can guess what economic resources the world needs.

just look at how big the Chinese population is, and you will understand where they are coming from in terms of workforce. they have their own world when it comes to service of its people. but i believe some are suffering with the strict protocols of their government. it is good that they already phased out their one-child policy. i guess, a lot of families are mentally tortured on this policy.

[STT]

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.  

[philipma1957]

These numbers are manipulated! The main aim of the communist party is to maintain a great image of China infront of the world. But the reality is very different that what you are seeing here.

A good read: https://www.cfr.org/article/chinas-homegrown-crisis

I personally work with 17 Chinese colleagues who are doing the same job since last 18 years without changing the company and with only one promotion. They are afraid of changing jobs as there's not much opportunities available outside the metro cities and it's extremely costly to live in metro cities. Do not believe things coming out of China glorifying themselves.

Well in a country with 1,400,000,000 people all under very strict rules of behavior a successful worker always knows he is easy to replace.

So workers are underpaid in general and abused by the upper class via low wages hard long hours etc.

Foxconn had suicide nets in place due to excessive worker suicide attempts.

Here in the Wonderfull USA we get great freedoms anther are actually about 750,000,000 guns available to  about 330,000,000 million people includes little kid as they watch where Daddy puts the gun.


https://www.cnn.com/2023/03/29/health/us-children-gun-deaths-dg/index.html


be shot to death is the most common way for a kid to die in the USA.

So the gun freedom slows crazy nut job government rules to turn the workers in to semi slaves. But the workers shoot way too many people.  You would think there was a happy in-between .  But I do not think so.

[Mauser]

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.

First of all China is not a democracy, it's really hard to compare them to other countries that free markets and open election. In China everything is controlled, over the last 2 years several economic indicators turned bad and the communist party decided to stop publishing them. I expect the Chinese economic picture to be highly skewed, only positive data is bringw broadcasted and everything else is pushed under the carpet. The second issue is that China is starting from a very different level to the developed countries in the world, average wages are lower, safety standards and environmental regulations are very different. That is why it's much easier for Chinese firms to compete globally during times of crisis. Also the Chinese government has a lot of money at hand to step in and boost certain sectors to survive the covid pandemic. China even managed to profit from the pandemic, I remember that almost all the masked in my country where produced in China. In my opinion the biggest threat for China is the trade wars with USA and if it intensifies it could spilt over to Europe as well. If most of the western countries would boycott China their economy is doomed, because the rest of the world can't take over all these exports. China is trying hard to expand into Africa and Asia to create more consumers, but they don't have enough money and China has to help out with loans.

[Negotiation]

China's main strength is its confucian system of administration through which it effectively operates its state apparatus and implements sound policies. China's economy is also full of potential but despite some damage from the global economy China has achieved the world's first manufacturing recovery and the first economic growth despite the pandemic. It has an important role to play in deeply implementing innovation driven development strategies the role of digitization and intellectualization is also immense. China's economic structure is able to maintain consistent order China's capabilities continue to advance by leveraging the advantages of talent and human resources to continuously strengthen the training of creative talent.

[kingvirtus09]

As far as I know, there are many disasters facing China this year of 2023, the kind that seem like their country is cursed if I just observe them in my opinion. The calamities faced by the nation of China are severe, and recently they have faced another disaster.

Therefore, the state of their economy has fallen greatly due to the calamities they have experienced because, to be honest, many establishments have been affected by these things. So they have a bit of a problem with the inflation rate at the moment because they have had declining exports, and the percentage of their unemployment rate has increased even more due to the market crisis.

* https://edition.cnn.com/2023/08/21/economy/china-economy-troubles-intl-hnk/index.html
* https://www.albawaba.net/news/china-faces-9th-calamity-year-resulting-casualties-1532685
* https://www.reuters.com/world/china/water-logged-northern-china-faces-threat-more-disasters-2023-08-23/

[Ludmilla_rose1995]

China's main strength is its confucian system of administration through which it effectively operates its state apparatus and implements sound policies. China's economy is also full of potential but despite some damage from the global economy China has achieved the world's first manufacturing recovery and the first economic growth despite the pandemic. It has an important role to play in deeply implementing innovation driven development strategies the role of digitization and intellectualization is also immense. China's economic structure is able to maintain consistent order China's capabilities continue to advance by leveraging the advantages of talent and human resources to continuously strengthen the training of creative talent.

I see how strict the education system is in China, they really seem to create people who are very disciplined and prepared for China's important goals, so don't be surprised, even though China has a lot of population, their education level is very good and also quite evenly distributed.

Good knowledge creates good human resources, and automatically this also boosts China's economy. In the next few decades, it is predicted that China's economy will continue to strengthen.

[Gyfts]

So my point is, what economical indices is china adopting to keep their economy afloat?

Foreign investments, manufacturing capacity and exports, and IP theft is what the Chinese economy has bred over the last 30 years. They used their large population to prop up their economy and it doesn't actually lead to sustainable growth -- expect an eventual crash. Their GDP is not sustainable and the one party state hasn't led to much new innovation over the last few decades.

And keep in mind the real estate sector in China is abysmal as of late: https://www.cnn.com/2023/09/19/economy/china-sunac-ny-bankruptcy-protection-intl-hnk/index.html

[serveria.com]

I have read many posts from stompix about china and the conditions are not good there.

Read several of his posts and the guy looks biased to me for some reason. Can't take his posts seriously.

The point is people are not buying and the production level has increased so much in china but consumption is lower which caused deflation. Of course there are other factors involved too.

Here I must agree, the US and EU are trying to protect their markets from cheap Chinese goods. They would prefer big international brands ordering goods in China and then selling in the US/EU. Most of the profit goes to the corporations, Chinese economy doesn't benefit from such a scenario much. China used to sell directly using eBay, Aliexpress, Alibaba etc but taxes were introduced and existing tax exemptions were cancelled making such business not very profitable. 

[WillyAp]

In China there surely is a lot of control for the outside world.
There is still crime though and the countryside is different from city live.
As for now they have a disappointed youth having studied a lot and not getting (well paid) jobs.  
In the end the Chinese people are as human as anyone else. They like to have kids and a quite live, mostly.

[Spaceman1000$]

- GDP
- Per-capita GDP
- Shares of the three industries' value added of GDP
- Newly added employment in urban areas
- Total energy output
- Total retail sales of consumer goods
- Year-end foreign exchange reserve
- Foreign trade
- Imports and exports of goods
- Fiscal revenue
- Earnings from international tourism
- Foreign direct investment
- Crude steel output
- Output of grain
- Total investment in fixed assets of China
- etc

SOURCE--

if you have a little time then read the article above, China's achievements in the last few decades are truly beyond expectations, they were able to rise from adversity and succeeded in becoming one of the countries with the strongest economy and military in the world, to be honest the population in China makes the economy they strengthen because demand for food increases, so many business opportunities are created. It is predicted that the Chinese economy will continue to be strong for the next few decades, their government's policy is very good in maintaining the consistency of the Chinese economy, other countries like it must be able to imitate the tricks that China uses in managing their economy.

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.

[puloweh555]

If you reverse the order of factors, the picture is quite correct! First came the technology, so mass production began. If you read the history of China before this "acceleration" of the economy - you will learn that in 60-80 years in China there was more population than in any other country. But they produced primitive and, to put it mildly, not very high quality goods.  It was Western investments, equipment, technology, and knowledge that made China a modern China from an agrarian country in the third world.

The most important thing that is fundamental to China's economic growth is the very consistent legal force in the country which is strictly obeyed by its people. This was formed from the authoritarian communist government under the leadership of Mao Tse Tung.

China is now a superpower, even America's "big enemy", but remember it took them ±40 years to become what they are now. Yes, of course this happens because the vision and mission of the government may be in line between one leader and another, yes of course it is followed by the will of the people as well. Now China is very independent, just look at the quality of human resources, education and health, which they export a lot.

[EluguHcman]

China capitalizes its source of economy booster on investments with the visions of creativities and essential consumable produces that is globally in demand for consumptions without relying on just its natural resources of coal and rare earth metals