Question

Explain this: What is the china's economic condition? How they work for their economic condition improve. Compare with this other countries.(Reference must be needed).

Answer 1

Huge government spending has fueled China's unparalleled rise over the last 30 years. Government regulation over major corporations and the yuan exchange rate have contributed to substantial changes in the Chinese economy. The international business regulations have also helped.

But China 's total debt-to - GDP ratio is one of the largest in the world. The demand for domestic consumers is weak. As a result, the nation relies heavily on exports. These factors are now significantly slowing down production. China's government faces the need to introduce delicate economic reforms. These reforms include facilitating investment in China's stock market, actively promoting China's 2025 plan, and developing innovative companies, among others. We want to avoid the prospect of another people 's revolt in the event of a major economic downturn.

China's rise has taken poverty down. Just 3.3 per cent of the population lives below the poverty line, set at 2,300 yuan. China has around 20 per cent of the world's population.5 As its people grow wealthier, they can eat more. Companies should seek to sell to the largest audience in the world and tailor their goods to Chinese tastes. Growth is making China the world's economic leader. China is now the world's largest manufacturer of aluminum and steel.

Local ities are charged with delivering social services but are not permitted to tax their funds.9 As a result, families are forced to save. China does not provide incentives to people who have migrated from farms to cities to work. Interest rates have been small, and families don't get much return on their savings. As a result, they 're not investing a lot. This keeps domestic demand low and slows down production.

One way to raise wealth is by promoting investment in the Chinese stock market. This helps companies to rely less on debt and more on the selling of stocks to finance production. It also helps the technology companies listed in the Shenzhen exchanges. China has recently launched the Connect system between the mainland exchanges and the Hong Kong stock market.

Reference- Economic Times