Why is China developing so rapidly, and what are the fundamental reasons?

Updated on Financial 2024-06-21
9 answers
  1. Anonymous users2024-02-12

    1. Solved the social productive forces, at the end of 1978, the Third Plenary Session of the 11th Central Committee of the Communist Party of China.

    Major policy decisions, reforming the traditional economic system that focuses on the implementation of administrative orders, and opening up to the outside world are the most important factors that have enabled China's economy to grow at a high speed, and it is the greatest driving force.

    2. Take economic construction as the center.

    Since 1978, the focus of the Party and the state has shifted to socialist modernization.

    Coming up, the implementation of the strategic principle of centering on economic construction has since opened a new page in China's historical development.

    3. The regulation and management of the economy are mainly manifested in three aspects, one is to carry out macroeconomic regulation and control and maintain the macroeconomy.

    stability. The second is to exceed market supervision.

    Promote fair competition, enhance microeconomic efficiency, protect resources, ecology and environment, and maintain production safety.

    food safety and so on. The third is to promote social equity through fiscal and tax levers. In the past 28 years of reform and opening up.

    4. China has the most abundant labor resources in the world, the Chinese people have a fine tradition of hard work and bravery, and the party's reform and opening up and the party's policies have mobilized everyone's enthusiasm and initiative and become the driving force of society.

    The tremendous power of development.

    5. The huge and expanding market, the large market of more than one billion people, attracting investment from all sides, and China's long-term relative poverty and backwardness, the infrastructure gap is very large, there are many investment opportunities, the promotion of construction, the rapid economic growth, the rapid increase in the people's income level, the continuous upgrading of domestic residents' consumption, the adjustment of industrial structure and the acceleration of urbanization competition, so that China's market space is very large, for the development of social productive forces, provides the most extensive place.

    6. China has a sustained high savings rate and high investment rate, the Chinese people are not only hardworking, but also thrifty, and China's savings rate is high, more than 30% in the long run.

  2. Anonymous users2024-02-11

    The fundamental reason is that the CPC's policies are good, the five-year plan is well designed, and the policies for relieving difficulties and helping the poor are good for socialist development.

  3. Anonymous users2024-02-10

    1. China's political situation is stable, and the rulers have little intervention in the economy, so there is little resistance to economic development.

    2. China's labor is cheap and the cost of production.

    low, therefore, attracts a large amount of foreign capital.

    3, Chinese population.

    Consumption power is strong, so even if too much product is produced, it is not easy to cause overproduction and lead to an economic crisis.

    4. China's economy is in its infancy, and any country's economy will develop rapidly in its initial stage, as long as those in power do not intervene.

    5. The Chinese were familiar with the commodity economy as early as the Spring and Autumn period. Doing business is an activity that Chinese are familiar with. China's economy is growing at a rapid pace under the operation of Chinese businessmen.

    6. The wisdom of the Chinese people is immeasurable and has great potential. This has also played a role in promoting the development of China's economy.

  4. Anonymous users2024-02-09

    Because China used to be too poor, the starting point was too low, the end point was high, and there was great strength in numbers.

  5. Anonymous users2024-02-08

    What is the reason for China's rapid economic growth? After reading it, I admired.

  6. Anonymous users2024-02-07

    1) Institutional change. Institutional reform is a long-term factor affecting China's economic growth and an important source of China's long-term high-speed economic growth.

    2) Adequate supply of factors of production. Over the past 30 years of reform and opening up, China's rapid economic growth has been built on the basis of high-speed capital accumulation, increasing labor force, and continuous technological progress.

    3) The change in the demand structure dominated by import and export is the main driving force for China's economic growth.

  7. Anonymous users2024-02-06

    This estimate is logical.

    Consideration should be given to the formulation of systems, the utilization of resources, the speed of technological renewal, the improvement of the quality of the labor force, the rejuvenation of the country through science and education, and the adjustment of the relationship between supply and demand

  8. Anonymous users2024-02-05

    Historically, China was one of the world's greatest empires.

    It was only in the modern centuries that there was a period of difficulty when the Europeans and Americans (and the Japanese, who appeared in China for the first time as honorary Westerners) brazenly sent troops to China.

    China has grown from a thoroughly poor country in the mid-'70s to what it is today, with many European or American cities looking quite dilapidated compared to Shanghai.

    Also because it is a developing country that has very cheap labor costs at first. This has led to a surge in production and economic power, but this is also changing, as China is becoming more developed, and the population moving from the countryside to the cities wants to live on higher wages. With higher labor costs and automation, manufacturing is easier to carry out domestically, and China will eventually shift from a manufacturing-based economy to a services-based economy without the need to outsource labor to countries with lower labor costs.

    China has the largest population in the world, which gives it a lot of potential. It is also a reason why China is getting stronger and stronger.

  9. Anonymous users2024-02-04

    If economic development is fast, people will be lazy.

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