China: The Road to Sustainable Growth
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China has undergone a breathtaking economic and social transformation during the past three decades. Even though the global economic crisis put a dent in exports, a massive government stimulus cushioned the Chinese economy from the worst of the downturn. Through spending on roads, infrastructure, and health, the government supported the country's economic output, helping the country sustain its growth rate. Yet many challenges still lie ahead on the road to prosperity. For instance, China needs to boost domestic consumption and create a stronger social safety net for its 1.3 billion people. "China has grown about 9½ percent on average every year for 30 years, and that implies that the Chinese economy doubles in size about every 8 years." -Linda Yueh, Oxford University
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china is successful because people that work there are slaves earning hardly any money, which allows china to make things at very low prices. if they had all the regulation health and safety minimum wage etc that britain and other countries have they would be just like every other country
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it's ashamed that all even of all the glory of economic progress and wealth, with it's 1.3 billion population only 20 percent of them actually benifits from it!! and the rest still lives in a below poverty standard which is about 79 percent of the population! it is true that big population is good for the economy! boy a size like china it has a big blowback to be reckoned.. China is big bubble that will burst like the soviet in its glory days, it just fade.. SHAME.
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