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I always wonder when people list China among the most powerful nations in the world. For sure they the most populous with 1.5 billions; it’s a big market of pe
by okeumeni 18y ago
I always wonder when people list China among the most powerful nations in the world.
For sure they the most populous with 1.5 billions; it’s a big market of people to sell stuff to and unlimited cheap labor;
Here is my point 1.5 billions with a middle class (by world standards) of few millions, a large majority under the poverty level (by all standards), the shared revenue per head is as low as most poor countries. Is China powerful because of its population only?
Personally I think China will pull the whole world economy down the more it opens to the world (it’s already started with Gas and food); the growth will be tempered by humanitarian need.
Put aside the option of a bunch of cheap labor China is still globally a very poor country and not yet in the position to make mandarin a great commodity.