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When is China going to be the world's largest economy?
An economic survey done by the Organisation for Economic Co-operation and Development in 2005 shows that by 2025 or maybe earlier, China will become the world largest economy if China continues its economic growth path. Over the past three decades, China has achieved a constant period of rapid economic growth.
How did the Chinese economy become so successful?
Since the early 80s, China has achieved tremendous economic success which is partly attributed to its population of 1.34 billion. China is no longer an underdeveloped country which was previously always associated with poverty due to its closed-door policy.
How is the economic growth of China Sustainable?
However, the sustainability of the China economic growth has long been met with scepticism by various quarters. According to Garnaut (2005), high rates of saving and investment, strong state system, and demographic structure are 3 factors than will sustain the economic growth of China.
What was the economic growth of China in the 1950s?
In the early 1950s, China launched a series of political movement to speed up industrialization and tried to carry out economic modernization, but the results were unsatisfactory.
Last Update: Oct 2021
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Comments
Coit
28.10.2021 01:18
Citizenry in india think that if they have bad lives it is letter a punishment for gone sins.
This process has stimulated economic outgrowth leading to continuous increases.
Fanta
25.10.2021 00:59
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Impact connected chinese labor grocery the labor grocery store is a alive sector of the economy regarding wellness matters, and IT is directly answerable for economic developing.
Akio
27.10.2021 08:56
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Francee
24.10.2021 09:14
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24.10.2021 12:01
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