Why Did China Grow So Fast?

In the last 40 years, China's economy skyrocketed...but why? After the death of Chairman Mao Zedong, some reforms were implemented which changed the economy.

Thanks to Alex Mitts for the voiceover.

[hnss]

Instead of calling Chinese government as dictatory, more accurate is Chinese government is an one party government. And the most advantage of an one party government is that, if they are doing things right, it will be 10 times more efficient than a so called democratic government

[stevekima]

I feel like if you read the history of China, they were always quite advance in trade and welfare. But at the end of the 19th century by Western terms they were not 'growing'. But again they learned and adapted real quick and got back on their feet again.

[jeremyzheng]

let me tell you the key of China success: Education, collective thinking, hard working, stable society and run by engineers not politicians.

[ShnNarx]

China is actually the world's largest economy and has been since 2014. Measured by PPP, China's annual GDP is about 22 trillion; the US is about 20 trillion. Most economists agree that PPP (purchasing power parity -what you can actually buy for your money) is the most accurate measure of an economy.

[xijingping]

Poverty rate 88% (1979) to 0.7% (2015)
Truly incredible

[Eddieheli]

Deng Xiaoping was truly one of the most successful leader in Chinese history for sure. A pure reformist, a true doer! (Y)

[pakistanibaloch]

somehow.. they made their public at a huge successs.... respect for china from pakistan 🇵🇰🇵🇰🇵🇰

[victorchew]

China grow so fast is bcos of hard work, patriotism, and good governance.

[hotchi]

You missed one of the main reasons for China's fast growth. That is the government. 'Open economy + low salary' is the main reason actually. Because most of the poor countries in Africa and Latin America have 'Open economy + low salary' but none of them can achieve China's success. Actually, the main reason for China's success is China government. They focus on improving people's living standards and improving the country's development instead of focusing on voting.

[keungpang]

You didn't explain how it grow so fast. You just show china grew fast which we all know.

[mr.infinity]

Great video! Quick, to the point, and informative. I have a feeling your channel will grow very quickly.

[vitaminprotein]

USA started develop since 1776, that's since 245 years.
China started develop since 1949, that's since 72 years.

Just imagine how much will this China develop in coming centuries.

[shahanshahpolonium]

I am Indian and even though we don't really like each other I have respect for the way China managed economy after the USSR split

[desolate_oblivion]

Hey! u r gonna hit 100k real soon. Mark my words.

[axelschroeder]

You ain't see nothing yet. China is only number 61 in the world GDP per capita rating.
That means it still has enormous growth potential in the future. Even if in 2 to 3 decades
from now it has reached the level of the US or EU, the benefits of the BRI initiative will fully
come into effect with more than half of the world population further contributing to Chinese
growth. By that time (we are talking 2050 and beyond) China will have setlements on the moon
and mars. The human race will become an interplanetary species under Chinese leadership.
What a great opportunity for our kids and grandchildren.
Hey Mr. Biden, don't mess up this great opportunity !!!

[basedtsar]

You missed one thing















Hardwork pays off

[republicofmanchuria]

holy sheet you need more subs, even comparable to WonderWhy, Half as Interesting and Wendover Productions!

[redpower]

Amazing channel! Keep up the good work

[theobystrom]

Nice video! I would however change some of the country style guitar music to something more cool or serious or something like that so it feels like a more serious video :) Best of luck!

[callumirlam]

Thank you for this video! It's helped me so much in my research projects, which is centred on China's economic rise. This video is perfect for anyone in my situation, it's short, but has so much key information, which is awesome!