today we talk about china's economic success.
5 Reasons Why China is so much Successful.
1.Authoritarian Government
The Chinese government has remained committed to focusing on economic growth, and has quickly and effectively implemented good policy decisions. Beginning from the time Deng Xiaoping set the tone, nothing has disrupted the flow, including changes in leadership, ideology, and community politics.
now we talk about number two
2.High Rate of Savings is the key
Another reason why China has been successful is the high rate of its savings, which it recycles. The country concentrates the salary paid to workers in four big state banks. This money is used by the leadership to focus on key projects. In fact, almost 85% of China’s infrastructure has been sustainably funded by this capital.
the number three is
3.A “business-above-all” Attitude
China has not allowed differences in ideology, culture, political views or local sentiments to affect its business prospects. The channels of export, investment and technology have always been given primary importance over all other considerations.
now we talk abot the foundation the number four is
4. Strong Manufacturing Base
There’s a reason why everything is “Made in China.” The country has positioned itself as a manufacturing hub, in turn providing employment to its people.
the last one is
5.Ability to Respond Quickly
Again, China has been able to make quick turns in strategy and redirect its resources into computer science, biotechnological engineering, law, economics, management, and higher education. The country’s policies regarding studying abroad are flexible, permissive and supportive, and incontinence strong graduates to return to China.
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