What went right?
What went wrong?
What went right?
>As of 2015, China's nominal GDP by Expenditure approach is 67.67 trillion Chinese yuan or 10.86 trillion US dollars.[3] China's nominal GDP by Expenditure approach surpassed that of Italy in 2000, France in 2005, the United Kingdom in 2006 and that of Germany in 2007, before overtaking Japan in 2009, making China the world's second largest economy after the United States. But adjusting for purchasing power parity (PPP), China become the world's second largest economy as early as 1999 surpassing Japan, and has toppled America to become the biggest economy since 2014.[2]
>From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching an historical high of 15.2% in 1984 and a record low of 3.8% in 1990. Based on the current price, the country's average annual GDP growth in these 32 years was 15.8%, reaching an historical high of 36.41% in 1994 and a record low of 6.25% in 1999.
China pursued aggressive economic reform which while killing 100 million did make it an economic superpower.
India didn't, they instead pursued socialism and economic isolation until the 90s which stunted them, but now they are recovering.
China and India will be big players in the next century
>what went right
Liberalization.
>what went wrong
Excessive bureaucratic barriers to free enterprise. Preventing externalities is all well and good, but India goes beyond that and has rules just to have rules, with no clear purpose.
>nominal GDP by expenditure
Translation: "Even with PPP adjustments the US economy is still bigger, so I had to go with an even more nebulous metric so that I can pretend China's economy is better and frighten dumb burgers."
>I am a retard who doesn't know what he is reading
China 2016 is $20.6 trillion in PPP.
America 2016 is $18.5 trillion in PPP.
> What went right?
Capitalism
> What went wrong?
Socialism
>aggressive economic reform which while killing 100 million did make it an economic superpower
The part that killed all of the people and the part that made them a superpower were different things.
The killing was during the Mao era, the growing and not being retarded was after.
>What went right?
Deng Xiaoping
>What went wrong?
Third World Democracy
The killing was an essential part, because it allowed the consolidation of land, which allowed modern agriculture which in turn made it possible to feed the large amount of workers that you need for an industrial society.
Mao was a complete psychopath, but he knew exactly what he was doing in that regard.
The reign of terror also made it possible to abolish all the ancient bullshit customs that the chinese were still wasting their time and resources with (e.g. foot binding).
>What went right?
Globalization
>What went wrong?
I see no reason to conclude that anything did, they look like pretty much the same curve offset twenty years. Twenty years is not a long time.
Homogenous population vs sectarian pluralists
One is clearly better for top down progression.
>China
>homogenous population
Kys
But India hasn't been anything close to socialist since the 1960's.
Furthermore, the market reforms in 1990 have not been nearly as successful as Deng's
>they look like pretty much the same curve offset twenty years.
They clearly do not.
>China
>homogenous population
1950-1970 is a definite no for this.
1975-present I agree. The one thing Mao did was kill off all the regional cultures and languages and retarded folk religions that he could. Pretty much unified China
one is communist the other is a capitalist democracy
checkmate "Other"
basement dwelling teenagers 1 : 0 basement dwelling teenagers
You're right, only ten
Aren't those just baloney stats because the Chinese are stat obsessed whores and build a bunch of empty cities to inflate them?
they're basically playing with a 2008 tier housing/bank crash all the time, although reforms happened and are in plan, they still haven't curtailed the shadow markets, and so on and so on.
It could all very well pop, to great dismay of all of us. It's possible it won't either though.
Nah there's a definite crash coming their (and our) way, the question is just how long they can dance around it
The minorities have shitloads of leeway under the CCP. (i.e. unaffected by 1 child policy, etc)
Only rebellious shitlings get the mailed fist treatment.
>What went right?
engineers in government
>What went wrong?
engineers in government
Great dismay? I'll be popping open some champagne when the Chinese market crashes. If the West wants to maintain control over the world's economy, it needs a weak China and India, especially China though. India's doomed to disintegrate into smaller states sooner or later.
/////////////////china became Han post Mao, perhaps India can do something similar.