How China became the world’s factory 

Hi Caspian

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CHINA WILL BRING BACK THE USSR

Unfortunately it says the referral code is not valid.

No doubt, I'll second that! I always try and spread the word when reccommending content to my friends.

With 900 000 subscribers I am not sure it is underrated. The presenter (whoever he is ) tells a good story. I do not believe he is researching what he says - he makes mistakes which say he is reading something prepared by someone else. Nevertheless he makes for easy listening. Is what he says factual ? I am not educated widely enough to answer that but only a fool takes his or her information from one source. The BBC once had some degree of unbiased reporting but sadly that has declined over the years. Don't believe absolutely everything anyone tells you. If it is important enough to you try to do your research and find you information from different sources. Most importantly, don't trust anyone who wants to start a war and stay humble.

It’s amazing. I wonder if actual politicians have this level of understanding. Wonder this mans day job is.

@@guyguy3203 You are assuming he prepares his own material - I doubt he does. He tells a good story but I suspect he does not read what he is saying beforehand. He is coming at it cold but he is a good speaker. Good politicians who believe in what they are doing learn their craft. It is when you get politicians who don't care about what they are doing the problems start thick and fast.

@New Moon I have not noticed him replying to comments. Although I appreciate he could be very busy trying to do so and can't read all comments , when people are questioning your authenticity within minutes of posting a new video you would think he might say something. I don't think anyone knows who he is or where he is from,perhaps Russia and he has a Russian agenda. The news channel RT also produced plausible content in a similar way.

You advocating for state run capitalism? Or a northern European style capitalism?

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@@gaddafigiraffi7805 State run capitalism is not from chinese origin, it was actually invented by the french in the cold war (Dirigisme). The Chinese only copied that model and improved over it.

The 50 U.S states dont experiment with anything, the U.S system is driven by imperialism and garbage neoliberal economics, which it is failing at, while China is winning due to its socialist collaborative framework.

The Roman Empire was also very flexible and adapted to a changing world!

Nowadays, the US is enslaved by itself on purpose (feedback loop from brainwashed voters).

Exept that people are more physicaly enslaved by technology and survaillence. And China is the forerunner.

hate CCP

I don't think he wrote that, he didn't write in English

@@hoponasu2471 love CCP

@@irasingh2498 Thanks a lot ill be sure to check on that to!

@John yeah things are looking pretty grim so far D: the Geopolitics are getting complex, and the resources are becoming more contested by the minute without the current populace even being aware of it

@John Humans tend to find solutions eventually, I have faith :)

@@fgqgqlfqsfsffeff Cruel Optimism is no solution

Interesting to note is how crimes against humanity are put under context in ( what we usually call) " History"!

sourh korea

Singapore and South Korea were the first countries to undergo the industrial chain transfer from the West, or to be precise, allies of the US. China, with its huge size and different political system, is seen as a huge threat by the West. If you were the leader of this country, what kind of social system should you adopt.

Both South Korea and Taiwan were military dictatorships up until around the 90's.

i agree that Singapore was the role model; actually i believe it was Singaporean experts who wrote the blueprint for China's rise. that's said.. it should be noted that Singapore was inspired by both Hong Kong and Japan see Daniel Gergen'a Commanding Heights for details. PBS made a 2 hrs documentary about it

in the mid-70s or so, Deng Xiaoping met with Lee Kuan Yew, since Singapore was at that point a nation of coolies (no slur intended), and talked about economic cooperation; LKY made a laconic remark about how most of SEA saw China as an enemy, not Japan. the Japanese consumer crunch was not inevitable had the government continued to window-guide like Singapore, and China follows this model still. edit: I meant "up until that point" for S'pore, obviously it was kind of gradual but relatively still quick.

Like Turkey!

Work faster and longer, for half the cost.

@@MimOzanTamamogullar ... because it's politically unstable.

@@MimOzanTamamogullar Turkey is politically sensitive.

and also the lack of crime and corruption (especially if your exporting the products). China has corruption but it’s more targeted towards government procurement and other government functions but usually not touching exporters.

@Друг & врага EU was not formed until 1993.

Yeah, but Xi is literally doing the opposite right now, like going back to Maoist era. Don't wanna say what is he doing cause there's gonna be a lot of replies spitting at me.

@@LudicrousTorpedo Xi's recent reforms have been focused around curtailing the influence of the merchant class (billionaires like Jack Ma, for instance). Whether you agree with his aims or not, equating that with a return to the Maoist era is patently absurd.

Yes this line sums it up

@@thechloromancer3310 He is right about Xi Jinping is a nationalist though. I did say Xi Jinping is more like Hitler than Mao. Mao is actually very peaceful when it comes to foreign relations. It is just his failed cultural revolution that people disliked him.

@@irasingh2498 didn't ask + you're white + ratio.

R u from Kashmir

@@rupalitales5444 Yes

If china starts and wins WW3, it won't be so interesting, boy

@@gwho I don't think ww3 is necessary for china. They won't risk that.

@@dislikehate-adanac5107 agreed. They're dominating the world through soft power.

Yep, you don't need to break the system, just fix what's wrong. The only thing revolutionaries do is shoot themselves in the foot. #defundtheccp

Now if only the CCP would enact Glasnost...

@@CStone-xn4oy And suffer the same fate as the USSR? Yeah the Americans would sure love that lol...

@@ArawnOfAnnwn Has nothing to do with the US, and everything to do with China. See: relations with N. Korea, S. Korea, Japan, Vietnam, Philippines, India, Australia, Malaysia, Myanmar, Indonesia, etc.

@@wlee9888 Hey, I can list nations too! Here you go, all of them have a rather interesting history with the US - Afghanistan, Angola, Argentina, Bolivia, Cambodia, Chad, Chile, Columbia, Cuba, Dominican Republic, El Salvador, Grenada, Gautemala, Honduras, Iraq, Korea, Laos, Nicaragua, Panama, Sudan, Vietnam, etc. Oh, look who's list is longer!

@Soyland if you say so, soyboy

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@Soyland communist tactics brought china to where it is today and provide a glimpse to where it will be decades to come..

With famines as it always goes

@Soyland what is real and not real communism is not for you or me to say.. even Karl Marx himself said that his work was not complete amd ot was not a dogma to follow.. Monetery and fiscal involvement into the ecconomy is considered and classified as socialism.. China goes further in this direction all land is collectively owend by the communist party.. they have the dictatorship of the prolatatiriate as leadership and the CCP rules I50000 or more are owed by government and generate 40 percentage of wealth in the ecconomy A buch of communists who adhere to democratic centralism and vangardism designed by Lenin, run the country.. That is as much as communist you can get. America in the 1950's is vastly different from the America today.. does that mean that they are less capitalist..? Copying Soviet policies on political and ecconomic spheres are not the standard to define how socialist a country is.. with your pathetic mind and "Total distruction of the ecconomy and 50 million death... " Typical Flat earth western mentality , i do not think you will be able to comprehend such things soy boy.

interesting..seeing as how China has focused so much on increasing its middle class and reducing inequality while most of the world has a rising poor population and high inequality rate, I wonder if we will see more countries go the China route as people revolt against their systems of government.

@@mooncake387 I’m going to bet not, honestly.

@@notribadsvault elaborate please

@@mooncake387 Just a hunch.

@@notribadsvault okay, great intelligent conversation :)

@Tulak Hord They actually copied the soviet model but due to disagreement mao step away from soviets

? Japan industrialized over 100 years before China figured it out and they did it without US subsidization. Following WWII, Japan was beneficiary of many key US military contracts which resurrected its economy but considering what Japan endured during WWII it needed support to prevent collapse. But back to your original point that Taiwan, ROK, and Japan benefited because they had US help? No, China is just a lot slower figuring things out than other countries.....100 years slower.

Pfft it's all about the HAN DYNASTY

Tang gang

Yuan Mongol trade routes plus Song merchant commercial industries too bro

documentary is called "The Coming War On China" by John Pilger. great film, do check it out

@@sinoroman What is the context of the sentence "Communist China was open to trade or dialogue but America rejected" ? As a general statement it doesn't make sense, neither before nor after 1971.

I think it's a well known fact that US poured money into South Korea to get it going and then some more money to push it forward. Arguably SK is one of the best States of USA 😂

Yep during the 1950s NK was in the lead of being a better nation but once the 60s came SK took off and left NK in the dust

To be fair, a lot of the industry that the Japanese built in Korea was likely destroyed in the Korean War.

That's cos it was based on economics and not the way the ccp governs their people. Which is authoritarian, like all communists.

this is not unbiased

@@slyfoxx8540 says the guy getting screwed by NSA

@@gaoasiadragon do you think everyone's American or something?

@@slyfoxx8540 so it's not because CCP did well? so why USA can't make India get rich?

i think it also had something to do with the Czech model of "market socialism" i think both Deng and Liu knew about it in the 60s and wanted to try it in the 60s - but were thrown from power by the Cultural revolution before they could do so.... it would have meant the economic reform starting in 1968 instead of 1978

Wtf, why did you write a book

@@sinoroman he's trying to get published

@@sinoroman : He wants to become new Bob Woodward 🇩🇪👍🇪🇺

Indeed

I love your videos too, most underrated channel on youtube

@@raghuvenkatesan6792 I ONLY ❤ GOD.

@@Clifford_Banes MY ALLAH!

@@raghuvenkatesan6792 MY ALLAH!

India is a good alternative at the moment, if it can finish its infra projects on time. The future is probably Africa though.

@@davesprivatelounge I like your analysis but the future is Indo-pacific. Asia will achieve 50% world share of GDP by 2050. Africa will require more time to develop.

@C L I am not sure about that but Asia has a much better chance to be future of world economy. If you look at their massive progress.

@@davesprivatelounge India will never be able to compete with china’s central planning

@@lakeblackBLM yes

CORRECTION 3. Share & Subscribe

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In capitalism your permanent interest is getting more capital. That’s why China will continue winning cause they have both the infrastructure and workforce to make the cheapest and also innovating (they have made the most patents since 2019)

ironically US always create their own enemy

@@Fauzanarief-n7i Yap. Now Afghanistan is the latest creation XD

@@Fauzanarief-n7i well, the 320M americans do

Oh, I'm sure Richard Nixon and his team thought this was a swell idea. Like many "swell" ideas it only looked at the short term of screwing the Soviet Union over. Then the end of the cold war gave the USA a high of invincibility and they deindustrialized faster to "own" the unions until late into the Bush administration and into the Obama administration when the "Oh, ****" realization came into effect.

Yet, they will face another century of humiliation.

@@errormatrix4159 You're already crying with what you face, and you'll cry even more with time.

@@errormatrix4159 cry louder

china is still backwards tho. like the CCCP looked at history, saw how qing dyansty relied on its population to achive everything, constandly denying western technology and was like "yeah, lets redo that! lets just industrialise enough to keep westerners from invading, then change NOTHING and again start relying on a huge population to be the top country. this DEFENETLY will not go wrong, nope". and i think in 50 years when india becomes the industrial powerhouse, people can compare the 2 biggest population countrys in the world, and see if tofu dreg buildings in china can compare with india... then the world sees how again china is refusing to westernise and see how it becomes more and more backwards... and when the way more efficient indian capitalism beats chinese command economy, then maybe china will revolt or something. technicly they can just hide behind nukes like north korea, so the collapse must come from their own people. alas, we can just wait for the last commies on earth to collapse... also communism isen't socialism. socialism is a cool dream that maybe we can try to do once automation becomes big enough, but communism allways turns into a corrupt dictatorship of starvation.

@@jackspedicy2711 denying techcnology to acquiring intelectual property from the west

Ah, that’s where I remember hearing some of these points before. When he mentioned the 3 step pattern seen across East Asia, I knew I read about that somewhere.

@mykroshoft Not south Asia (which to me means India and Pakistan) or west Asia, but it focuses a lot on southeast Asia, particularly Philippines, Malaysia, and Indonesia. Also plenty on China, Japan, and Korea. Those are the main nations covered.

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What do you mean, learn what?

Learn what? Kill girl children because they are less useful than boy children? Pay workers chump change? Build infrastructure with paper clips and empty glass bottles? (Tofu dreg buildings)? F*ck environmental consequences for economic gain? Food adulteration? Bribing your local CCP representative to get through with red tape? Ethnolinguistic homogenity? Tell me, what could we learn from them which is no different from anywhere else?

@@axelpatrickb.pingol3228 better than learning how to kneel on peoples necks or turning schools into shootouts

@@axelpatrickb.pingol3228 Turn of Fox News.

@@kanekiken2002 only developing countries rapidly grow. developed countries grow at a consistent lower rate. China will eventually stagnate

Imperial Japan.

How are 70 year old Investments into a place that long fell off International competetiveness in any way relevant?

@@TheGahta Because those investments the Japanese Empire put in place catapulted the Korean Peninsula into industrialising. If it hadn't been there they would've industrialised later.

The investments such as comfort women and murdering people Remember North Korea is ruled by the Guerillas who fought against the Japanese while in the south it is ruled by the collaborators

This is a complete lie. The most clear indications of this can be presented with these three developments: 1) For one, the entire Korean mandatory education system was basically made from the ground-up to emulate the Japanese one, by the Japanese. Any semblence of literacy in the general population started with the Japanese system. 2) The railroad system including the Gyeongui, and Gyeongbu rail lines were made to connect Seoul (and the north) with the deep south, as to increase cargo/passenger throughput to ports like Busan. 3) Busan most notably, but also other ports, were primarily used and developed by Japanese traders, starting from far back as the 1876 Treaty, rather than the 1905 or 1910 dates. Less clear indications would be that the industrialization of Korea wasn't just about the mining from the mountains in the north, but a very key aspect was also the industrialization of the agriculture sector in the south which had flat fields with lots of rivers for irrigation. Basically, the ores in the North were but the most simple part in the whole mechanism. Transport infrastructure was far more important for the future development of "Korea" and that infrastructure was constructed mostly in the South for obvious reasons.

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What happen to shxt?

3 step approach? Sleep, Smoke Cigs, Kill. That's Mao.

@@tmdwu5360 want Capitalism? Exploit, abuse, throw away, repeat.

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Lying Flat is China's new thing. #defundtheccp

You: racist

Lenin said that :)

yeah that was Lenin, dude.

@@rafaelrmaier lemme edit it...

I thought of it a few years ago. Called it Slider news, same concept. Didn't have the capital to make it though, and now these ads piss me off.

@@christianbeske2417 In the words of Margin Call, "There's 3 ways to make a living: Be first, be smarter or cheat." You lost out on being first, but there's still the other two options available to you...

There was already one news voice it stopped working 2 weeks ago

The Canadian real estate market would like to have a word with you haha!

@@righteousviking Two separate issues.

@@yaz2928 not really. Chinese capital is one of the reason why north america's east coast has such high real estate prices.

@@alexanderphilip1809 Overseas Chinese people investing in China decades ago has little to do with mainland Chinese investing in Western countries recently.

Or maybe Shanghai is governed as part of a municipality and it isn't the only place on the Chinese coast for trade. You sound like everyone must have primate cities like Tokyo, London, and Paris.

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When the infrastructure used for extract resources, it wound help India a lot

thats because india has a garbage political system and they make themselves feel better by calling it a democracy. think about this for a second. indian states, as in states within the country, has borders disputes among themselves and the different state police sometimes get into border wars with each other. think about what kind of country has internal shooting border disputes between states, not even a one off either, there has been multiple times over decades that they shot and killed each other. india also has a mess of a law system, not only are there red tape and open bribes everywhere, but the state will also sometimes put retroactive taxes on a company. meaning they'll make up a tax, then charge you for the last 20 years for that tax. land rights are an absolute nightmare, not even the central government could meddle through it, as shown by that japanese high-speed rail line, which has been stuck trying to acquire land for the last 14 years. all this means nothing get build, and thus there is no modern infrastructure, barely functioning electrical system with regular rolling blackouts/brownouts. a maze of differing laws between states in additional to the national ones and red tape. barely literate population that isnt useful for anything except the most basic of work, seriously the literacy there is 75% and that's using the indian metric of what literate is, which is being able to write your own name, by that metric I could be literate in more than a dozen languages by the end of today if i tried, meaning the true, useful literacy there is probably much lower. for comparison, china was at about 75% in mid 80s(when they started opening up) with much higher standard for what being literate is. Japan has 90%+ since records were taken, South korea was at 85% in the late 60s(when they were developing and opening up). taiwan too had hit 86% in 1980

@@mxn1948 Seems you knows a lot of India, them need revolution and land redistribution

@@forgaoqiang India is feudal state where wealth & power is concentrated in the hand's of bramhin & baniya caste less than 10% of total population

theoretically yes. but what happened in reality is that rural population became un-poor, had alot of extra food so they never went hungry and had extra funds to buy more goods which had a domino effect on the economy. the rural population did not immediately flock to the cities for jobs - it took quite a few years since the industrial sector (which provided those jobs) was still growing steadily. these are facts based on the book by Joe Studwell "How Asia Works" go ahead and check it out since I am quite sure EE uses this as a reference for this video. and lastly - large land holdings only benefit the land owners but the "tenant" workers pretty much live hand to mouth (and worse because it forces them to be in debt for small things like weddings or death in family) - having this problem is a much bigger cause of rural migration to cities (which is the case from where Im from).

And US killed Japan

But china is not weak as japan...

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You thought that they were ... Japan never has the population or the resources needed for that..

Don't worry , West wolves will also come for India.

😁👌and that means there's a great opportunity to open up new business.

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Seems you need to research more. Afghanistan is one of the few neighbors that China doesn't have irredentist claims against; even Russia has to defend against what China is eyeing to "take back".

@@doujinflip I am aware of China's many border disputes but in business with distant countries they dont care

@@doujinflip china had landborder with 14 countries Out of 14 countries china settle landborder with 12 countries China have land border dispute with only 2 countries, India & Bhutan Bhutan is militarily occupied by India So it's India only

@@doujinflip China only has irredentist claims from India.

Kings and general is really good too. If you like historical stuff

☝️dafuck is 8btc mate? 6️⃣9️⃣

@@aether3697 Bitcoin,

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Lol same

And did you like the part about 50 million people being killed? Or do you hand-wave those atrocities way?

@@w0mblemania give it a rest buddy. That number seems to be exaggerated to the extreme. Had 50 million died at that time, they wouldn't have needed the one child policy. The people who led China then are no longer alive but they are certainly living in your head rent free.

@@cbcluckyii4042 You're a sad little man. Tens of millions of people died under Mao, and all you can do is apologise it away. It's a historical fact, with tens, hundreds of millions of witnesses. The world was looking on, but didn't realise the full extent until decades later. Take a good hard fucking look at yourself. Your parents must be ashamed.

@@w0mblemania the only thing sad here is you pretending to care.

💀💀💀💀

I thought it was "her" instead of "he" in this quote.

@@liammarra4003 Thanks I Changed It

My Allah!

Fake words of Napoleon.

Yes, just manage to keep stealing their technology.

But I am there.

Political system, demographic, ideology, culture, history, geopolitics all have a say in these matter. Of the above, china is different compared to India in almost every single aspect. India would not achieve the same success just by mirroring China. It has unique advantages and disadvantages, just like China.

Abhijit Banerjee is a joker who can't even advice to his own state government about economics talks about China

At that time china was sandwich between USA & USSR

You can criticize Shirvan's pronunciation when you learn how to speak Azeri. Otherwise, give him a break.

@@stevena3871 I love his channel. I love the effort, visuals, detail, and lack of political bias (especially when it comes to Armenia). But that logic doesn’t follow because it is correction, not criticism. If someone is learning English, and the teacher corrects them on how a word is pronounced, you can’t say “Well, until you know how to speak their language, you have no right to talk.”

@@Yellowsnow69420 ueah but you can correct in a nicer way you sounded like a dick. Just say its pronounced sir-amics no keramics.

I enjoyed the way he enunciated it. Never heard pronounced that way.

@@icmull Did you even read my comment?

@@Clifford_Banes yeah😂

💋 to you from Brazil, South America.

@@joaoalbertodosanjosgomes1536 tnx

@@joaoalbertodosanjosgomes1536 Gae

I have clothes made in Bangladesh but boughtnin BANANA REPUBLIC. Very good clothes.

angry americans incoming

Well, "socialist", it's social programs are basically non existent, China is weird

China is fascist at this point

@@Reboobed that describes China way better than socialist

China is state capitalist, or a fascist economic system. They’re not communist. Their government is still the communist party but the economic system is a state capitalist and fascist system. Especially with how authoritarian they are. Many Americans don’t understand that and think authoritarian is communism even though the right wing spectrum can also be authoritarian.

What's your pfp from?

@@TheSm1thers pfp?

@@watermirror Your profile picture. What's it from?

@@TheSm1thers detective conan

@@watermirror Thanks, thought I recognised it, watched it with a mate ages ago

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😂obviously not . Chinese government are so autocratic that they can even decide how much kids a mother can deliver . Nobody is going to sue a company as long as it tunes well with Chinese government even if they pay absolutely low . This won't sell anywhere else outside China and pre 90s Soviet Union.

@@s9ka972 Have you ever though that China has more than 1.4 billion people ? There are plenty of people need jobs, they will do anything to foods on the tables and put roofs over their families. HAVE YOU EVER COMPARED INDIA VS CHINA.....China was much poorer than India from 1949 to 1978, after the paramount leader Deng Xiaoping opened up his country to foreign firms and joined WTO in 2001, their economy took off, as 2019, China's economy was 4.78 larger than India. Autocratic vs democratic, it is depended on each respective culture, the Chinese people are very willing to work hard and seriously while the Indian people are taking their jobs not seriously. The Chinese students graduated each year with STEM degrees than other countries on earth, including India.

A quote originally from Vladimir Lenin

The research isn't as thorough as you might think. He is better at some regions than others. All the information he put together on China is from a small number of online sources, he just packaged it differently.

Lol

I remember that Southeast Asians also have a saying that size is inversely proportional to IQ（ Note that this has nothing to do with skin color and race)

In fact, communism came into being after the industrial revolution in the West, when capitalism enslaved and exploited workers and peasants all over the world. There is a saying that where there is oppression, there is resistance. These statues are the best way to remember these people

@@李冬-r7v People in the West had higher living standards under capitalism then under communism behind the iron curtain. You have no idea what you're talking about. Moreover modern China has nothing to do with communism as over 60% of their GDP is accounted for by the private sector and the vast majority of industries and means of production are privately owned. The fact China still has a bunch of hammer and sickle emblems and gold stars doesn't make them communist anymore then Nazi Germany was communist because they called themselves National Socialist. I suggest you read more history instead of watching propaganda on CGTN and GlobalTimes. In particular read your own history and contrast Mao with Xiaoping. Read about the differences between Glasnost and Perestroika, how China implemented only the latter while the Soviet Union tried to do both.

the story of 'How China became the world’s factory' is kind of like the story of globalization and the new world order.

@@jackm2293 It's on their embassy site: Home > China-US Relations > China's Foreign Policy"; and it's even titled, 'China Wants New World Order'. "China is calling for the establishment of a new world order that will ensure a long-term stable and peaceful international environment, Foreign Ministry Spokeswoman Zhang Qiyue said in Beijing on June 10, 1999..."

Thanks man You're angel

Pakistan never even gets a whisper considering that they were the go between between the USA and China and therefore indirectly played a big role in their economic transformation.

@@anneeq008 . Sed

Lol. Now that you mentioned it...

Remember Stalin bad Hitler good Western brainwashing at it's best

at least they didn't say 500 million.

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The Chinese have always been extremely pragmatic in their decision-making processes. It’s why their civilization has survived since around the time the Roman Empire was around. Many other empires have come and gone, but the Middle Kingdom outlasted them all. They’ve gone through multiple times of trouble but have come out each time in good shape. From my understanding of Chinese history, arrogance has always gotten the better of them when they became significantly more powerful then their competitors and neighbors, and you can see that same increasing arrogance today.

@@TheGamerTheater As we all know，Americans are more modest than Chinese.

@@huas5350 I just wonder who are we, ignorance and arrogance is the name of American, they even can't spell the party of China in the right way, it's CPC not CCP

@@forgaoqiang Sometimes, the conclusion you draw from someone's logic is more valuable than your defense. 你懂的。

@C L China will win

@C L So.. not cheating on trade deals and not polluting is your secret to successful country? Talk about naivete

@C L India is one of the most polluted countries in the world, far surpassing China. Just look at New Delhi, and India has not yet completed industrialization

@C L Well, why not adopt the good things from them excluding pollution. Btw, you should come and visit the Ganges, the river deemed as a Hindu Goddess, where you'd see the dead floating, the polluted toxic wastes dumped in it. People pooping in a river seen as a Goddess. You'd see cows on the roadside consuming plastic wastes, while, it's seen as a Goddess too at the same time. You'd see people littering the streets everywhere. That's how our own Indians care about pollution. So, we aren't to blame others when we are ourselves at fault.

@C L you speak like indian did not treat sudra caste and outcaste like dalit badly lol

Well you see their government is very centralized while most Democratic countries are not. So long term plans are not possible. Besides they are not communist. More like Capitalist Socialism with a little bit of imperialism. The government varies depending on the leader. Besides India is was doing well but the pandemic slowed the economy down.

Good luck.

Yes

In 5 - 10 years it will be firmly in the developed status

They have 1.4 billion people, the average is still very low ...

@@HELLO7657 What kind of subsidization does it still have with the trade war going on? don't we have tariff on most Chinese goods now?

China's housing bubble was at a critical point when US and Europe implemented their unprecedented stimulus packs due to the pandemic. Now the housing/debt problem is still a huge problem but probably not fatal. Though mass testing, contact tracing and draconian lockdown measures China came out of the pandemic back in early 2020. Although China's economy took a hit it was nothing like what happened in the west.

@@taichiwinchester1102 Thank you for this info.

@@taichiwinchester1102 And to compete with China's economy that came of the COVID first, US and EU now are advertising "living with COVID" as if it is like a FLU, so its economy would stay open and relevant by sacrificing people. Truly an extreme capitalistic move

Which country?