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RE: China Economic Growth and Your Thoughts on China's Future

in Project HOPE5 years ago

The situation in China with the idea of ​​being "One Country, Two Systems" is quite interesting and peculiar, on the one hand, the collectivization of property, the destruction of individual and private initiative and centralized control by the State in its subject autocratic and pyramidal, because all that led to situations of famine, production of low quality goods or at least of very doubtful quality, strong internal repression against ethnic tricks and other things that do not seem a source of pride. Then, with the changes achieved after Mao, things began to change, even today the problem of having an autocratic and very centralized state is something present, but the creation of special economic zones is already a step forward in terms of economic issues In addition, I have read that your quality standard is seriously improving.

I still have to consider that they are the country with the greatest indication of favoring manufacturers of international counterfeiting, they also have several indications of disrespect for international patents and an employment situation that does not conform to the international standards of workers' rights (although ironically part of their political slogans are in favor of workers and peasant farmers)

I have no business in China, but I understand that with the imbricated world economy, everything that happens there affects the rest of the world, after all, it is an economic power and its weight is not something that can be left out in an analysis of these themes.

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You are right. China has proven to be a world power although i do not believe they produce anything original. I have seen a lot of products that are below standard but are still produced. In underdeveloped countries, china products are what most people can afford even though they are counterfeits. I guess that is also helping their economy to grow. Also, china giving loans to African countries and other countries is something i am sceptical about.

 5 years ago 

Certainly, that in my comment I did not touch the point of the loans, China has made several investments and loans in different developing countries and has strengthened its international influence, for this reason, everything that affects its economy will have a direct effect on that of all its partners.

 5 years ago 

Great comment @pedrobrito2004