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China's economic progress is the results of
1. Economic freedom and open trade
2. Globalization which allows the free flow of jobs, capital and technologies into the country
3. Hardworking Chinese people
4. Population strength -- a large number of productive, young workforce are
available in China while the western world suffers from an aging population problem
China's authoritarian political system is not a contributor to the economic progress. It rather has a negative impact on the economy performance due to the corruptions rooted from the unjust political system.
China's huge population will soon become rapidly aging thanks to the one-child policy, once that happens, social cost will rise dramatically and economic performance will suffer. It will be interested to see if the CCP still has the power and justification to resist political changes at that time. |
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