How did China transform from a poor country into the world's second largest economy?

[my2cents]

China is unique case of rapid progress for a large country with large population. China does not have internal challenges that plague many nations. Credit goes to the Chinese people for not challenging the authority and working with them in creating a better lives for themselves.

Many small countries developed in short period of time because they acquired capabilities in many fields like south Korea, Singapore and Japan.

India is growing at 6-7% but still a laggard when compared to China. Sustaining the growth and keeping up with the latest technological innovations and keeping relevant in this connected world will be a challenge as we move forward.

 

[AZADPAKISTAN2009]

Chinese system Benefits:

• Good educated people are hired from start and only hard working people get promoted based on performance on job
  
• If a person has a SON or daughter , they don't automatically get to be in group that work in government they have to work their asses off to be selected by NATIONAL human resource department to get hired by Government
  
• The problem which Pakistan has with Zardari and his son , or Nawaz and his daughter etc wanting power cannot happen in China. Becasue it is very difficult to come into power unless you do social work for 25 years

• Chinese system very simple if you are not educated , don't think you will make good administrator , if you write books or songs , it is best you focus on that career don't worry about Government and Policy. if you are Doctor please work in Hospital and help people. If you are hollywood actor or do circus work in circus or Hollywood you will not make a good politician unless you have good education and experience from Business

Also important point to note is EXTREMELY SEVERE penalty of death if any one in Government power commits corruption

• It is common to hear story , China punished businessman threw dangerous chemicals from his company in River by Death
• No one in China gets to leave country if they comitted CRIME against people of China i.e Money laundering or theft even if you have cancer you will serve your sentence !!!

 

[Martian2]

1979年至2007年，内地累计吸收香港直接投资项目28.85万个，实际使用港资累计3085.33亿美元，占内地引进外资项目和实际利用外资的45.2%和40.4%，在80年代中期，港资曾占到内地利用外资比重的60%。香港是内地最大的海外筹资中心。在香港上市的内地企业，包括H股公司、红筹股公司及非H股民营企业，总数已达453家，累计筹集资金超过1.9万亿港元。

Also Shenzhen was created because it is next to Hong Kong.

No. Shenzhen was created to attract Taiwanese investment.

Today, one million to two million Taiwanese still work on the Chinese mainland.

Taiwanese experts were at the heart of China's industrialization and they are still important today.

For example, TSMC will begin operation of its 16nm plant in China in 2018. A new generation of mainland Chinese engineers will be trained in advanced semiconductor production. SMIC is only at 28nm today.

 

[haidian]

No. Shenzhen was created to attract Taiwanese investment.

Today, one million to two million Taiwanese still work on the Chinese mainland.

Taiwanese experts were at the heart of China's industrialization and they are still important today.

For example, TSMC will begin operation of its 16nm plant in China in 2018. A new generation of mainland Chinese engineers will be trained in advanced semiconductor production. SMIC is only at 28nm today.

In the 80s and 90s Hong Kong's influence was huge, almost all joint ventures in Beijing have some connections with Hong Kong. Shenzhen is next to Hong Kong, not Taiwn, hope you know that. Hong Kong's investment in China from 1979-2007 accounts for over half of the nation's whole foreign investment based on the official statistics. Taiwan's role was very minimal, Hong Kong really helped mainland China. That's the basic fact, ask around the people who went through that age and find it out.

 

[AZADPAKISTAN2009]

Every thing China Achieved is 100% due to planning of their Elders in policy maker group

 

[haidian]

香港同胞在大力支持内地经济发展的同时，也热情关心和积极支持国家教育、科技、文化、卫生和体育事业的发展。30年来，香港同胞慷慨资助内地公益事业，捐款总额达数百亿元人民币。霍英东、李嘉诚、邵逸夫等众多社会知名人士，就是这方面的杰出代表。

近 年来 , 随着 中港 贸易和经 济分 工 的迅速发展 , 香港成 为中国 引进 外资 的最重要的 渠道 , 表现在 香港是 中国 内地最大 的投资者 。 据 中国经 贸部统计 , 到1987 年止 , 在全 国 批准 的 10008个外商投资企业 中 , 港澳地 区 有 8570多 个 , 占 85.7% 利用外 资协议金额 219.6亿美 元 , 港澳 地 区 达142.6 亿美元 , 占 65% 实际使 用金额85 亿美元 , 港澳地 区达43 亿美元 , 占 50.6%。 ① 香港金融机构对 内地非银行客户贷款 急剧增加 , 从1979 年底累计放 贷 余 额 1亿多 港元 , 增至 1987年 的 232亿港元 。 ② 香港作 为亚 太地 区银 团贷款 中心 , 成为 内地大型项 目的集资场 所 。 据统计 , 仅 一 年 月 , 香港为 内地安排的银 团贷款就 达 亿港元 。 ③ 香港证券市场开始 成为内地集资的重要 场所 , 以债券形式的集资活动已经起步 , 从 长远看 , 内地大企业及驻 港中资企业 在港股票 市场上市集资也 具有潜在的发展前景 。 此外 , 中港 双方在交通 运输 、 通讯 、 旅游 以及信息等各方面 的合作也 获得全面 发展 。 中 港经济 关系的迅速 发展 , 反过来 亦增强 了香港 在 国际经济 中
http://www.erj.cn/UploadFiles/香港在中国经济现代化进程中的作用.pdf

 

[Martian2]

In the 80s and 90s Hong Kong's influence was huge, almost all joint ventures in Beijing have some connections with Hong Kong. Shenzhen is next to Hong Kong, not Taiwn, hope you know that. Hong Kong's investment in China from 1979-2007 accounts for over half of the nation's whole foreign investment based on the official statistics. Taiwan's role was very minimal, Hong Kong really helped mainland China. That's the basic fact, ask around the people who went through that age and find it out.

Hong Kong was a plastic toy manufacturer and a banking haven. Today, Hong Kong remains a finance-oriented banking city. There is no technology in Hong Kong.

Taiwan's largest machine tool manufacturer is Victor Machine Tool, which was founded in 1954. Many Taiwanese machine tool manufacturers opened up factories on mainland China. Today, China is a powerhouse in manufacturing machine tools. That knowledge and expertise came from Taiwan.

 

[haidian]

Hong Kong was a plastic toy manufacturer and a banking haven. Today, Hong Kong remains a finance-oriented banking city. There is no technology in Hong Kong.

Taiwan's largest machine tool manufacturer is Victor Machine Tool, which was founded in 1954. Many Taiwanese machine tool manufacturers opened up factories on mainland China. Today, China is a powerhouse in manufacturing machine tools. That knowledge and expertise came from Taiwan.

Please respect the fact, all those figures and numbers don't lie.

 

[Adam WANG SHANGHAI MEGA]

IT is like Pakistan in CPEC,if Pakistan does not want to develop its economy and refuse to adopt suitable policies no one can help.it luckily our iron bro are wiser!

China is unique case of rapid progress for a large country with large population. China does not have internal challenges that plague many nations. Credit goes to the Chinese people for not challenging the authority and working with them in creating a better lives for themselves.

Many small countries developed in short period of time because they acquired capabilities in many fields like south Korea, Singapore and Japan.

India is growing at 6-7% but still a laggard when compared to China. Sustaining the growth and keeping up with the latest technological innovations and keeping relevant in this connected world will be a challenge as we move forward.

if india can keep7% for even 20years if will make big difference at that time coz india always want to bully around. you will be the target instead of us but in any case it it bring benifits to common indians for this I do hope india economy boom.

 

[Martian2]

Please respect the fact, all those figures and numbers don't lie.

How did poor and backwards 1978 China become the world's largest manufacturer of machine tools? The answer is simple. Mainland China acquired the expertise from machine-tool World Power #7 Taiwan. Taiwan had been manufacturing machine tools since 1954. Taiwan has always been a world power in machine tool manufacturing for decades. That was not true for newcomer mainland China.

If you'll notice, Hong Kong is way down at rank #28. Hong Kong is a joke in machine tool manufacturing. Hong Kong owns virtually no patents and its presence in the machine tool industry is non-existent.

China: $24 billion machine tool production
Taiwan: $4.9 billion
Hong Kong: $0.2 billion

Mainland China did not learn machine tool technology from Hong Kong, where machine tool manufacturing is almost non-existent.

Mainland China learned machine-tool technology from Taiwan, which has always been a top-ten manufacturer for decades.

 

[haidian]

We are talking about when China first opened her door and embarked this development policy it was Hong Kong's money and businesses which fueled the development engine. Argue with those official numbers not me.

 

[Martian2]

We are talking about when China first opened her door and embarked this development policy it was Hong Kong's money and businesses which fueled the development engine. Argue with those official numbers not me.

I've already told you those were Taiwanese shell companies. Taiwanese companies were registered in Hong Kong anonymously. The money and technology came from Taiwan via registration in Hong Kong.

After 1971, Taiwan earned large trade surpluses. Hong Kong is a joke city-state. It is too small to generate capital.

Today, Taiwan still earns a huge trade surplus of almost $50 billion per year.

Hong Kong sold plastic toys. There was little surplus capital in Hong Kong.

The money for mainland China's industrialization came from Taiwan's trade surpluses with the world and it was funneled through Hong Kong (a mere city).

Taiwan used to sell digital cameras. Next, Taiwan moved to IBM PC clones. Afterwards, Taiwan moved into notebook computers. After that, Taiwan moved in logic chip manufacturing.

All these decades, Taiwan plowed its surplus capital and technology into 1.4 billion-population China. It was Taiwan's massive trade surpluses and continuous technological improvement that pulled China along into the modern industrial age.

 

[haidian]

I've already told you those were Taiwanese shell companies. Taiwanese companies were registered in Hong Kong anonymously. The money and technology came from Taiwan via registration in Hong Kong.

After 1971, Taiwan earned large trade surpluses. Hong Kong is a joke city-state. It is too small to generate capital.

Today, Taiwan still earns a huge trade surplus of almost $50 billion per year.

Hong Kong sold plastic toys. There was little surplus capital in Hong Kong.

The money for mainland China's industrialization came from Taiwan's trade surpluses with the world and it was funneled through Hong Kong (a mere city).

Could be US shell companies or whatever, for things hard to prove, let's stick to the official figures.

 

[dy1022]

90% = CPC+Chinese people+China Mainland

10% = Overseas market, Investment and Techs.

 

[Martian2]

Could be US shell companies or whatever, for things hard to prove, let's stick to the official figures.

No. It was not US companies. The US government would not allow US companies to help China modernize. Only after Taiwanese companies have introduced the technology to mainland China then US companies may follow.

Taiwan has introduced the most advanced logic chip manufacturing onto mainland China. South Korea and Intel only build simplistic memory chips. The trailblazer is still Taiwan in foreign-invested technology.

You cannot dispute that Taiwanese notebook computers, digital cameras, logic chips, etc. were all manufactured on mainland China.
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Does Taiwan still matter to mainland China? | South China Morning Post

"Taiwanese played a crucial role in helping the mainland transform itself in the post-reform era."