Does all the money that China makes from manufacture go to the state and its programs?
2007-01-01 13:19:16 · 9 answers · asked by Pen 5 in Social Science ➔ Economics
China has been buying up literal pallet loads of US Currency for the past several years. They use it to buy all the gold they can since the US dollar yields more gold than the Chinese yuan right now.
China prepares for the future and eventually their currency and economy will be backed by gold. They are driving gold prices and also the value of other precious metals.
US currency has been off the gold standard for a long time. The Federal reserve continues to print money without anything to back it. The value of the US dollar is mostly determined by world opinion which is unstable. The Euro is even more unstable.
China is securing it's future and assuring her place as a world economic power.
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2007-01-01 13:31:05 · answer #1 · answered by Hello Kitty 7 · 5⤊ 1⤋
China wants to build does not matter how you produce or catch mice. China policy of decollectization of argiculutre, and welcoming forgien investment with low tax rates, and heavy handed currency controls give a exporter a advantage. True, China is taking dollars by the pallet and gold by the dump truck, but growing 10% a year will stall overtime because more finanical liberalization will be needed for higher end production, and services. Just wait when 500 million farmers, middle class, working class people demand rights then China will be forced to open up poltically. Just another Japan or SK in the making here hey gotte give them credit the Chinese are not stupid, and know exactly what thier doing even if the goverment is heavy handed.
2007-01-01 13:54:22 · answer #2 · answered by ram456456 5 · 0⤊ 0⤋
There are two ways to run a country. Economically or politically. In the case of China, they have liberalist political policy, but communist economic policy. The money from the manufacturer goes to the government because the government own the manufacturer. Every money-making export-import stuff is owned by the government. But unlike other communist countries that we know (such as USSR), the people can live as free as they want. E.g. you can be rich but don't brag about it.
2007-01-01 13:32:42 · answer #3 · answered by BryanB 4 · 1⤊ 0⤋
china posts double digit figures of growth and has one of the largest exports of the word but chinese healthcare and education facilities are still laging behind this is because of the political regime which is highly ambitious only and the communists there are getting richer by the day ,what i feel is that china is due to have a peoples revolution again
2007-01-01 21:57:33 · answer #4 · answered by satyamail_01 1 · 0⤊ 0⤋
Its all in the game called "Naming"
Things take on the nature of the names we call them.......... no not in their reality, but in the way people perceive them.
If communist is a bad word (where you live), use it on your enemies.
If capitalist is a bad word (where you live), us it on your enemies, ...................................and so forth ad nauseum.
Big aggressive organisations, no matter what name they call themselves have little to nothing left of the ideals that they were founded on. Big governments are not there to strive to achieve the ideals of their founders. Big governments are totally preoccupied with perpetuating their own power base. Call them by any name you wish, they are still just big governments. And they all practise the same arts, regardless of their charter, mission statement, etc.
To see a good example of how naming works, look in the 'Personnel' column of your newspaper and see what all the sex workers call themselves! Honey drips from their mouths, aye?
2007-01-01 13:45:54 · answer #5 · answered by onebeeswax 3 · 0⤊ 0⤋
A comunist country is one in which everyone is equal and has equal benefits and wealth. A capitalist country is one that focuses on individual businesses.
A communist country would have everyone with equal rights but very industrial.
2007-01-01 13:29:14 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Russia is officially a democratic country. But in all reality the opposition parties are monitored and controlled by the State.
2016-05-23 04:38:57 · answer #7 · answered by Anonymous · 0⤊ 0⤋
China's not really communist. More like a fascist government with a partly socialist, partly private economy.
2007-01-01 13:35:12 · answer #8 · answered by KevinStud99 6 · 1⤊ 1⤋
Every country has a "capitalistic drive". Everyone wants to make money.
2007-01-01 14:09:41 · answer #9 · answered by Anonymous · 0⤊ 0⤋