How China Got Rich | China's UNBELIEVABLE Mega Workforce Shock America

#china #chinaeconomy #chinafactory
China's Mega Workforce Of 791 Million Shock America中国的7.9亿劳动力
"From Poverty to Prosperity: China's Rise to Riches"

China is getting rich through a combination of factors, including increasing exports, foreign direct investment, and domestic consumption. The country has become one of the world’s leading manufacturers, and its exports to the US alone totaled more than $500 billion in 2018. Additionally, China has attracted large amounts of foreign direct investment, particularly into its manufacturing and technology sectors. Finally, domestic consumption has been increasing rapidly, driven by rising incomes and a growing middle class.

According to the World Bank, the size of China's labor force was 791 million in 2022.
China is making efforts to improve its economy by increasing investment in research and development, improving the education system, and encouraging innovation. The Chinese government has also taken steps to reduce taxes and regulations, open up the economy to foreign investment, and implement financial reforms.

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