- Dec 29, 2010
I m very happy see your conclusion about how China's econpmy running. Please circluate your logic as much as possible in Indian's academic area. I hope most India's economic policy decision maker buy it, it would help India's ambition to catch up China.Much of that is also due to pandemic-based economy. The fact remains that most Chinese workers saving dried up during the pandemic and many are worse off for it; a fact not shown by Chinese Communist Party propaganda. The Chinese Communist Party data also fails to show how millions more (minorites and political prisoners from Hong Kong and elsewhere) have become slaves in labor camps, factories and prisons. They are much worse off, but that is never reflected in big macro-economic figures that only show the totals, whether due to higher power consumption in factories or greater profits due to the exploitation of Chinese laborers and slaves in concentration camps.