China kept on enlarging its GDP because it was/is able to build by itself many chemical, petrochemical, non-chemical, ferrous, plastic and other types of manufacturing plants that produced primary, secondary and tertiary goods with added values. These values kept on enlarging the GDP every year.
Can you tell us what Bangladesh is doing in this respect? Can it manufacture even a small machine for any of its factories? I think a trillion dollar economy needs many more things than textiles. At present, the cement industries are very good and I believe, after the Chinese FDI infusion, the steel industry will also become stronger than now. But, other ingredients are absent.
Don't worry, step by step, China has come through the same way, and you have our experience to learn from.
Investment in infrastructure will accelerate the pace of economic development. Infrastructure is the most critical part of economic development. Infrastructure investment is easier to drive economic growth than investment R&D and investment education.
With the development of the economy, various industries will grow slowly. Don't be daunted by the difficulties at the beginning.We did not build a small machine in China before, also bought foreign screws now . It's not important. The important thing is that the machines we bought are for our own use . It doesn't matter which country invests in infrastructure. It doesn't matter where the money is borrowed. What matters is that the infrastructure is for us to use.
When China joined the WTO, we Chinese were terrified because we were backward in all aspects and had to abide by more stringent terms than other developing countries.
The Americans stopped us for more than ten years before they let us in, from 80s to 2001.
Finally, in order to enter the WTO, we gave up the rights of many developing countries, many Chinese people are frightened that we will be completely destroyed in the economy, but the result is that we survived, all aspects are slowly improving .
Bangladesh was not alone in its economic development. At that time, no one invested in our infrastructure. We had to build slowly and invest continuously for decades before the country had enough electricity and roads.
Now the times have changed, and the whole world is keen on investing in infrastructure. Maybe in 10 years, enough electricity will be built for the whole country. This is unthinkable before.
According to China's experience, when infrastructure reaches a certain level, the economic growth rate will have a more rapid growth period of 10 years.Bangladesh is approaching this stage.
You don't have to worry about those industries you worry about.It is impossible for every country to have all industries at the same time, no matter how big the country is.
With the economic progress, many industries will gradually shift to low wage countries and regions. For example, the United States, Japan, Korea, Germany, they all lack many industries .
China will shift a lot of industries to other countries in the next 10 years. Bangladesh and Pakistan will certainly be China's first choice, but the final transfer to which country is determined by a combination of factors.
In fact, many industries in China occupy more than 50% of the world's share. The scale of China's transfer industry will be the largest in history. The number of countries benefiting will be the largest.
Perhaps the worst will be Japan and South Korea, which already have a large number of industries squeezed by China 。
Economy is a process of upward climb, and you will be exceeded if you do not move forward .
China is also climbing up the road. Now the front is Korea, Japan, and the first is the United States . China up, so there must be some countries will down . The first place will always get the most benefits and the first place can only have one.
This is why the United States is now seeking various reasons to contain China . It doesn't matter what the reasons are, whether anyone wants to believe them or not, it's important that China is contained.
My reason for optimism in Bangladesh is
1，Can be called Chinese friendly countries not much 。Bangladesh is our friendly country.So Bangladesh will get help from China . Anyway, China is the second largest economy in the world.Even if China is a developing country, its help will be far greater than that of other countries.
2，Bangladesh is politically stable without turmoil and war. This is actually very, very important . Peace and stability are prerequisites for economic development.
3，Bangladesh has a greater desire for development than many other countries.In fact, people in many countries are just thinking about development, but in fact they are not willing to take action, they just like to move their mouths, and then think about it in their mind to be satisfied.
4，Bangladesh is a coastal country.The coastal countries have great advantages in the development, you know
.
5，Compared with other Islamic countries, Bangladesh is more enlightened . This is also important.
-------------I will never say that the number of people and the number of young people are the reasons for country's development . The world never lacks people and young people.There are too many countries with a lot young people, and the proportion of young people in Africa has been very high for decades, but their rapid development has only begun in the 21st century.
people 、great ambition 、take action 、friend help 、Infrastructure、geographical features 、peace 。。。（Human factors are always ranked first.）
Bangladesh now has all the elements of rapid development .
That is PPP you moron, not nominal.
moron ? Is this an insulting term?
I mean normal GDP ，not PPP .
