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LOL, you think they care about facts? It's all about emotional gratification for them, and not being able to control their impulses. The funny thing is that high-income provinces and cities in China have a larger combined population than Turkey.
Turkish economy is a joke. Their only source of income is the money terrorists pay the Erogan regime.
You are right but you forget one thing.. there are 1.5 billion Chinese. Only 10% of China today is living above poverty line and when western demand in Chinese products diminish the situation will only get worse.
China can't offer cheap labor anymore, soon average age of Chinese will be 40 and cheap labor will fly out the door. Attracting talented employees? Why would you need talented employees to make a t-shirt? China's economy model is based on cheap labor.
So Bangladesh also included in Post-China emerging economy ! !
In China 900 million people have an annual per capita income around the same level as Guatemala, Georgia, Indonesia or Mongolia ($3,000-$3,500 a year), while around 500 million of those have an annual per capita income around the same level as India, Nicaragua, Ghana, Uzbekistan or Nigeria ($1,500-$1,700). China’s overall per capita GDP is around the same level as the Dominican Republic, Serbia, Thailand or Jamaica. Stimulating an economy where more than a billion people live in deep poverty is impossible. Economic stimulus makes sense when products can be sold to the public. But the vast majority of Chinese cannot afford the products produced in China, and therefore, stimulus will not increase consumption of those products. Eventually China will go into economic crises and bust.
What a ignorant! How can argue with child know few about China and economy?
Many times, I always think why China can success, but some other country can't grasp the oppotunity, maybe it is right chinese is smarter!
A huge part of China's strength is the fact that the Chinese civilization established a unified culture more than a millennium before everyone else. You simply can't find a homogeneous group of people with this kind of population, education and territory size elsewhere.
New Recruit
HAHAHA!!! You pulling these numbers out of your *** there kid?You are right but you forget one thing.. there are 1.5 billion Chinese. Only 10% of China today is living above poverty line and when western demand in Chinese products diminish the situation will only get worse.