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In real life, people in leadership positions are often given more privileges and conveniences. If privileges are given to the upper class, it will benefit their subordinates or other people in society. So this kind of inequality is recognized and encouraged in China's traditional ideological system. [7] This inequality makes China's economy ...
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history. [1]: 11
China operates the world's longest and most extensive high speed rail network, which spans 45,000 kilometers. [44] China is the world's largest manufacturing industrial economy and exporter of goods. China is widely regarded as the "powerhouse of manufacturing", "the factory of the world" and the world's "manufacturing superpower". [45]
Data from the European Automobile Manufacturers Association (ACEA) shows European automakers’ market share in the EU fell from 74.2% to 70.6% between 2019 and 2022. China’s share, meanwhile ...
With China at risk of tipping into prolonged stagnation and a spiralling property crisis threatening financial stability, there is growing unease over why its leaders are not rushing to revive the ...
Share of population in extreme poverty over time. In China, poverty mainly refers to rural poverty.Decades of economic development has reduced urban extreme poverty. [1] [2] [3] According to the World Bank, more than 850 million Chinese people have been lifted out of extreme poverty; China's poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015, as measured by the percentage of ...
The construction makes for a striking rich-poor divide, as industry edges out the rural regions. Below a man walks during low tide in front of the fast-developing city of Shenzen, part of the ...
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