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IMO The Chinese rose so quickly because they embraced capitalism and got access to the western markets. Other than that I agree with your post.
by ThomPete 9y ago
IMO The Chinese rose so quickly because they embraced capitalism and got access to the western markets.
Other than that I agree with your post.
- JSONwebtoken 9y agoThey also benefit from a healthy trade surplus thanks to Globalization boosting their manufacturing and labor exports while getting away with being highly protectionist when it comes to domestic production. Their authoritarian government is nimble and decisive when it comes to implementing policy and they have no loyalty to any one economic or political philosophy. The Chinese are just really good at playing the game, the rest of the world is years behind.