what is the most important reason for China's recent economic growth? in recent years?

Answer 1

Do not let anyone fool you. The only reason China's economic growth has occurred is because the Chinese government has allowed it to happen. The Chinese have also artifically "locked" their currency with ours. This keeps the US trading with China regardless of exchange rates.

The REAL question is, "Why would a communist government take the chance of letting a "free market" economy become established?"

The answer is simple ... to marginalize the USA and capitalisim.

As we all know, the Soviet Union and the USA battled for world power during the cold war. The Soviet Union imploded because the USA simply outspent the USSR. This was President Reagans strategy ... and it worked! The American economy was able to produce more aircraft, ships, missles etc. The USSR simply could not keep pace and therefore folded.

This lesson has not been lost on the Chinese and by combining the "Free Market System" with Communisim, there is no doubt that China will engage the US in an arms race. By some accounts, it has already begun.

If we are lucky, it will be another "Cold War"~

Answer 2

That other 5th largest economy in the world based on wealth,,,,,WAL MART WAL MART WAL MART. Walmart has made China what it is today. If Walmart stopped having almost everything they sell MADE IN CHINA, China would be just another economy like N Korea. There are over 200,000 Chinese working for Walmart in China alone. If it keeps on going this way,,,Walmart will soon own China. Happy Shopping.

Answer 3

they give any business a 14% tax break on exports and put a 14% tariff on imports. they have devalued the money by 40%. and their biggest gain is in coal natural fire plants. they open a new plant up every 3 days. they are just now going through the industrial age like the us did. however if you look at it objectively the US economy grew an ADDITIONAL 2.2 trillon dollars last year which ALONE is bigger than the entire chinese economy.

Answer 4

Nationalism and patriotism. have you ever examine : while China will awaken they have a 5th of the worldwide's inhabitants, intake is top for growth. over one billion clientele, artwork rigidity, and a political time table adapted for united states of america love first, own activity 2nd, China had all of it produced from the get flow.

Answer 5

When Kissinger convinced China to be our ally, they started adopting some capitalist market ideas, the productivity of them is starting to be realized now. Combine that with a huge amount of manpower makes a pretty sweet combination.

Answer 6

The government has allowed some businesses and industries some privatization which allowed for incentive to excel.

Answer 7

Although overall I thought Clinton was a good president and a bad husband but he signed insane trade agreements but I think he was fooled.

Answer 8

Our investment into cheap products.Our asinine big business looking to make a larger share of profit margin.Greed will be our demise.

Answer 9

http://www.walmart.com