Is Capitalism the Only Reason China is Getting Richer???? (regime, companies, dictator)

[Quaker15]

Global Poverty - China improving, India impoverished, Africa same (CNN) - YouTube

OR, could it be the people.

[desertdetroiter]

Having a dictatorial regime that can act fairly quickly with little debate certainly greases the skids.

[katzpaw]

Economy of China - Wikipedia, the free encyclopedia

As of 2014, large state-owned enterprises are the backbone of China's economy, producing over 50% of the nation's goods and services, and employing over half of China's workers. Sixty-five of the Chinese companies in the 2012 Fortune Global 500 list were state-owned, including State Grid Corporation of China, which operates the country's power grid, and oil companies China National Petroleum Corporation and Sinopec. Profits of the largest state-owned enterprises were much greater than the largest firms in the private sector, which were largely small- and medium-sized businesses.
Most of China's financial institutions are state owned and governed and 98% of banking assets are state owned.

[armourereric]

Plus, they can pollute without limitation.

[majoun]

China may not be getting richer much longer The Music Just Ended: "Wealthy" Chinese Are Liquidating Offshore Luxury Homes In Scramble For Cash | Zero Hedge

[J746NEW]

It is not Capitalism but Communism and it is not the common Chinese but the Government that is reaping the benefits.

The Chinese Government owns 80% of the business in china and also push people off their property to make way for expansion.

You will not hear much about this though from the west since those that have a financial interest in this arrangement like it just the way it is.

[saxondale351]

Exploitation of the workers[real job creators and producers] just the same reason for the Wealthy in the USA.

[le roi]

Originally Posted by Quaker15

Global Poverty - China improving, India impoverished, Africa same (CNN) - YouTube

OR, could it be the people.

i would chalk it up to technology

and cultural / social acceptance of said technology

[CDusr]

Originally Posted by majoun

China may not be getting richer much longer The Music Just Ended: "Wealthy" Chinese Are Liquidating Offshore Luxury Homes In Scramble For Cash | Zero Hedge

Indeed, there are signs that massive bubble is popping.
Need to keep in mind all the "US" govt investment funds that are heavily invested in both China and Japan.

[whogo]

You are comparing one impoverished nation against another impoverished nation.