What is the secret behind the development of Chineese economy?

  1. factsknowing profile image72
    factsknowingposted 5 years ago

    What is the secret behind the development of Chineese economy?

  2. Josak profile image60
    Josakposted 5 years ago

    There is not really a secret, China has a massive population so when communism enabled the country to become industrialized it began quickly progressing, the Chinese government has also staid committed to a long term planned economy which has worked very well.   They have also artificially kept their currency at a low value which helps in the international marketplace and unfortunately since they have abandoned many communist policies the Chinese worker has been brutally exploited and inequality has risen but that same exploitation keep their production costs low.

    1. factsknowing profile image72
      factsknowingposted 5 years agoin reply to this

      An impressive response there, Josak.

 
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