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Why is China still a developing country   [Copy link] 中文

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Post time 2018-6-9 15:37:29 |Display all floors
(Xinhua) Over 40 years of reform and opening-up, China has experienced an unprecedented growth, transforming from a relatively poor country to the world’s second largest economy and the largest trader in goods.

But it still has a long way to go before it becomes a "developed economy."China is a country with booming cities like Shanghai and Shenzhen. But it is also a country with many poor counties and villages.


At the historic 19th National Congress of the Communist Party of China (CPC), Xi Jinping, general secretary of the CPC Central Committee, said China’s international status as the world’s largest developing country has not changed.


A government anti-poverty campaign has lifted more than 68 million people out of poverty over the past five years alone. But as of 2017, over 30 million Chinese, the equivalent of half of France’s entire population, still lived below the poverty line.


Even for those who have risen out of extreme poverty, many still struggle to meet their basic daily needs, especially rural Chinese.


China’s economic growth has been unbalanced, with cities on the coast growing robustly and many other regions remaining underdeveloped.


After a visit to China’s west, International Monetary Fund senior consultant Nigel Chalk pointed out in 2010 how remarkably diverse the country was. It was hard to believe China was a developing country if one had only seen Shanghai. But further inland, things looked completely different. In the country’s rural areas, many people still struggled to get by.


Eight years on, despite the epic changes that have taken place in China, that observation still applies. China faces the same problems that all other developing countries do: Most Chinese spend a high portion of their incomes just on food, they have a hard time finding good quality health care and have to fight pollution, and welfare benefits are few and far between.


As Zhu Lijia, a public policy professor at the Chinese Academy of Governance, put it, compared with developed economies, China still lags far behind in important sectors like public services, law enforcement and social welfare.


Assessing GDP per capita is the primary way to determine whether a country is "developed" or not. China has the second largest GDP in the world, but its 1.4 billion people have to share that wealth.


Last year, China’s GDP per capita was just over 8,800 U.S. dollars, less than the world average of 10,000 dollars, and just one seventh of that of the United States.


Zhu says that a country must have a GDP per capita higher than 12,700 dollars to be considered a developed economy and higher than 40,000 dollars to be considered a highly developed nation.


China still falls well below that mark.

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Post time 2018-6-9 18:10:06 |Display all floors
The status of developing nation depends not so much on the wealth of the citizens but on how well developed their minds are. I don't think owning a mobile phone and going cashless makes Chinese people "developed".

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Post time 2018-6-9 18:13:15 |Display all floors

The South China Morning Post today reports that a gaggle of Chinese tourists were formally asked to leave an Osaka restaurant as a result of friction they caused with the waiting staff and other guests.

They had done nothing wrong by Chinese standards: Eaten noisily and merrily, enjoying bowls and plates of shrimps and other seafood. Where in the world can't you do that?

The restaurant and guests clarified that the Chinese guests had made a mess on the floor, dropping the crustaceans' shells there

No doubt the restaurant's decision to kick them out was a little on the harsh side. But the reason was that these guests were deemed "underdeveloped".

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Post time 2018-6-9 18:37:04 |Display all floors
This post was edited by sfphoto at 2018-6-10 03:28

The reason why China is still a developing country after four decades of economic growth is due to the following factors:

1. The focus on export industries based on low-cost manufacturing industries has distorted the industrial development of China.
2. The overinvestment in the same export industries has resulted in overcapacity in every manufacturing industry sector.
3. The excessive focus on export markets precluded the growth of technology and services industries serving domestic markets.
4. The flood of migrant workers to the coastal cities created social alienation and economic retardation in the inland provinces.
5. The influx of export dollars created excess liquidity which fueled the rise of real estate speculation and conspicuous consumption.

Back in the 80s, China should have focused on building  high-speed rail for the inland provinces which would have stimulated domestic demand. This was delayed by three decades until the GFC 2008 forced a reversal of the economic policies from export markets into serving domestic markets. The last ten years have proven the wisdom of restructuring the economy away from export-oriented manufacturing industries into technology and services industries serving domestic markets.

China should promote a BALANCED economy which balances consumerism with welfarism, industrialism with naturalism, and modernism with traditionalism.



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Post time 2018-6-9 18:42:50 |Display all floors
This post was edited by sfphoto at 2018-6-9 18:48
seneca Post time: 2018-6-9 18:13
The South China Morning Post today reports that a gaggle of Chinese tourists were formally asked to ...
What’s the big deal? Maybe the tourists were from the countryside where it’s customary to throw the shells on the floor. Nothing malicious there. They’re just having a good time.

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Post time 2018-6-9 19:00:37 |Display all floors
This post was edited by sfphoto at 2018-6-9 19:35
Zhu Lijia, a public policy professor at the Chinese Academy of Governance, put it, compared with developed economies, China still lags far behind in important sectors like public services, law enforcement and social welfare.

Assessing GDP per capita is the primary way to determine whether a country is "developed" or not. China has the second largest GDP in the world, but its 1.4 billion people have to share that wealth.

Last year, China’s GDP per capita was just over 8,800 U.S. dollars, less than the world average of 10,000 dollars, and just one seventh of that of the United States.

China is too focused on GDP growth instead of GDP quality, Human Development Index (HDI), Carbon Efficiency Index, etc.  More emphasis should be given to welfare services industries such as education, healthcare, welfare, etc. and consumer services industries such as arts, design, culture, sports, etc. to improve the HDI of China. Cuba, for example, has a high HDI but low GDP. But achieving a high HDI is more important than achieving a high GDP. The USA is an example of a country with high GDP but low HDI because its GDP is of poor quality: junk food, junk culture, junk lifestyles, junk cities, etc.

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Post time 2018-6-10 06:49:45 |Display all floors
sfphoto Post time: 2018-6-9 18:42
What’s the big deal? Maybe the tourists were from the countryside where it’s customary to throw th ...

I don't think it is the Japanese's responsibility to know that this is normal behavior back in those people's villages and just accept it. If they are going to be international travelers, they need to adopt cultural norms of the places where they visit. They are uninformed of what is socially acceptable in Osaka, thus, they have the same behavior as they do when they are at home. They are not at home. They are visitors, not only to another country but, an entirely different culture. The world isn't going to lower its standards to people of an undeveloped nation's cultural mindset. When Westerners, that I've met, visit China, they often comment that when a group of adults leaves a restaurant table here, it looks as if several toddlers had eaten there. That's acceptable in China. It is not in Japan, America, U.K., Italy, France, Portugal, Korea, Russia, Germany, Canada, Greece, Spain and other more developed countries, where they expect more mature and civilized behavior.
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