Why is China s economy growing fast and why can China s economy maintain a momentum of rapid growth?

Updated on Financial 2024-04-24
6 answers
  1. Anonymous users2024-02-08

    First, the world economy, especially the developed countries in the West, is in recession, and China's economic development lacks strong competitors. Second, the huge population has created cheap labor, the labor-intensive economy is developed, and the products are cheap, and the world is unmatched. Third, China itself has a large number of characters and a huge market, which is conducive to economic development.

    Fourth, the economic model of China's development has played a role in promoting economic development to a certain extent.

  2. Anonymous users2024-02-07

    1. The socio-economic impact of political geography.

    The main issues of whether a country's economic development is good or not, fast or slow, and direction are determined by the country's political and geographical factors, and a country's policies and economic development are closely related. However, the aspect of geographical location is also very important for the economic development of a country or region.

    In particular, the geographical location factor is very important, whether it is close to the sea, whether the transportation is developed. All affect the scale and speed of a country's economic development. If a country has very convenient transportation, it can be very convenient for international travel and access to resources from other places.

    Therefore, it is also conducive to economic development.

    Second, the impact of labor factors on the economy.

    Labor force plays a vital role in the economy, whether it is the flow of population and the change of the total population will affect the development of the economy, because the labor force directly affects the supply side, only the supply to keep up, the economy will develop fast, the rapid development of China's economy and the quality and quantity of the labor force have a certain relationship, China's economic development speed is also partly due to the demographic dividend.

    3. Cultural factors on economic development.

    Culture plays a leading and driving role in a country's economic development. First of all, cultural factors affect the evolution path of brand products from the resource aspect, as well as people's acceptance and perception of new products, a country's economy wants to develop, the first thing that needs to be developed is the country's culture.

    Fourth, the influence of natural resource factors on economic development.

    Whether a country is rich in natural resources is directly related to economic development, such as the economic strength of a country rich in mineral resources should not be underestimated, even if you dare not import and export mineral resources alone is enough to call a country's economic development, and then drive the development of other industries.

    Fifth, the factors of scientific and technological development have an impact on economic development.

    Comrades once said that science and technology are the primary productive forces, and especially in the era of rapid technological development and technological change, and when the mode of economic growth is gradually changing from an extensive type to an intensive one, the progress of science and technology has become the main driving force and the decisive factor restricting economic growth.

  3. Anonymous users2024-02-06

    China's economy has achieved rapid growth since the reform and opening up, and has made remarkable achievements over the past few decades. Among them, the policies and measures to promote urbanization, strengthen international cooperation, deepen reform and opening up, and innovate science and technology have laid a solid foundation for China's economic development.

    With the expansion of China's market scale and the continuous advancement of consumption upgrading, China's economy will continue to maintain a trend of rapid growth in the future. At the same time, China's economy will gradually transform to high-quality development, promote innovation, strengthen environmental protection, and improve people's living standards.

    However, China's economic development also faces some challenges, such as an aging population, widening income disparities, and environmental pollution. Therefore, China needs to continue to promote structural reforms, strengthen supervision and risk prevention and control measures, and achieve sustainable development.

  4. Anonymous users2024-02-05

    Consumption is the consumption demand of domestic residents, that is, internal demand, which is the main driving force of economic growth;

    At present, China's strategy of "taking the domestic cycle as the theme, domestic and international dual circulation promoting each other" is to start from the consumer side, promote residents' consumption, improve the level of consumption and consumption quality, and change from the relatively low-end consumption in the past - the level of food and clothing to a more high-end consumption - the people's growing needs for a better life, this process naturally improves the intrinsic value of consumption, the past consumption value of 100 million, into a high-end consumption worth 1 billion, It is easy to understand that this has led to GDP growth from the consumer side.

    Of course, how to promote consumption, and from what aspects to promote consumption, this is another question).

    2.Investment. Investment refers to fiscal expenditure, that is, through a series of fiscal budgets, including the issuance of treasury bonds, expenditures on education, science and technology, national defense, health and other undertakings, which is an auxiliary expansion of domestic demand.

    Over the past 40 years of reform and opening up, investment has always been an important means for China to achieve economic growth. In the 80s, we were poor and white, how to produce products? How to meet people's food and clothing needs?

    At that time, on the one hand, there was overseas Chinese investment; On the other hand, investment companies backed by ZF credit, many of which have been transformed into today's urban investment groups, lend money to domestic and foreign banks. Invest in the construction of factories to produce products, part of which meets the needs of workers themselves, and the remaining part is exported abroad to earn foreign exchange or repay debts. Exports are another wagon for economic growth.

    3.Outlet. Export refers to external demand, that is, to enter the international market through the products of domestic enterprises, participate in international competition, and expand their own product sales.

    China is known as the world's factory, thanks to the low-end industrial transfer of developed countries in the context of globalization, which involves the concept of "comparative advantage".

    To put it simply, can't developed countries produce shirts? Of course, you can, but due to human resource constraints, if the same worker produces shirts, he or she will not be able to participate in the production of airplanes. At the same time, capital will, of course, want workers to make more money by producing airplanes.

    But clothes always have to be worn, so who will produce them, so such low-end demand-related industries have shifted to countries with lower labor costs. In the 80s, on the one hand, China was endowed with abundant human resources, and on the other hand, it was in the white-hot stage of the struggle for hegemony between the United States and the Soviet Union, and during the honeymoon period between China and the United States, Western countries were also happy to see China achieve economic development. Therefore, this industrial transfer is actually in the context of which era.

  5. Anonymous users2024-02-04

    The country's economic policies have supported the rapid growth of the economy, such as: vigorously increasing infrastructure construction, railways, highways, real estate, etc., which have stimulated the rapid growth of the economy.

    Then there is the preference of labor, which makes China a processing base, and the export volume is particularly large, which is another reason for economic growth.

    In addition, vigorous innovation and technological development have been transformed into new technologies and productive forces, which is also the reason for economic adjustment and growth.

    There is our guiding ideology, speed up construction, such as a project, design two years to complete, and we will generally be half a year or even a year in advance, our employees are working hard all year round, there are few vacations, such as the construction industry has no rest days, 8 hours of work to extend, then we work for one year, equivalent to two years of foreign work, so our economic growth is faster than abroad, in fact, this is also a common feature in the early stage of economic development.

  6. Anonymous users2024-02-03

    How does a country's economy grow?

    The growth of a country's economy is the expansion of its real demand. And real demand is made up of consumption and investment. Therefore, the growth of the country's economy is naturally the continuous rise of the level of consumption and investment.

    But I've repeated this many times. Besides, it's already boring. And even if the reader understands it, he still can't understand another thing. How exactly does the state sustain economic growth?

    I'm not going to put it mildly, with the current economic system, the most important and only way to think is to blow up balloons. The so-called balloon blowing is to blow one emerging industry after another, and blow up the next balloon relay before it can not blow. Ideally, the old balloon is not broken (the old demand is still maintained) and the new balloon is successfully blown (the new demand is growing).

    08 years later, China's economy is still there.

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