How China BECAME The World's 'Economic Miracle'

So how did China become the world's economic miracle? How is China able to grow so fast and become the world's second-largest economy? Well, we will dive deep into the answers in this video...

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Chapters:
0:00 How China Grow So Fast
1:07 Deng Xiaoping Changed China Forever
3:56 How China an Economic Miracle
4:29 The Ultimate Labour Supply
5:20 Business Ecosystem
6:34 Female Labour Force Participation Rate
7:59 Infrastructure Investment
9:20 Strong Leadership
9:46 Conclusion

#chinaeconomy #chinagdp #chinasuccess #chinadevelopment #economicmiracle #economicgrowth #workforce #infrastructure

[johnli]

Good Governance, Smarts, Hard work, Patience, Sacrifices, Patriotism and Determination. Never again to the Hundred Years of Humiliation !

[benjaminsytu]

Leadership in china is driven by national pride. In the usa it is driven by personal gain. Thats the difference

[oberstleutnant]

But above all, China has good governance and plans things decades ahead.

[jameschan]

This is a true story. I have lived through this period from being a Fortune 500 company employee in New York City (1981 to 1983) to being a business consultant helping nearly 100 U.S. firms export American-made products to China from 1983 to the present day. Through thick and thin, China's development is nothing short of an economic miracle.

[brianliew]

Confucianism which majority of the Chinese people revert to after a disastrous attempt to stamp out the tradition contributed enormously to the society as a whole in recent decades. As Chinese leaders plan ahead, they're still researching on their own historical mistakes of the past to avoid the same errors while reinforcing those points of strength to prioritize a relatively peaceful, orderly and stable society. Only within such a society most successful goals would be achievable. Domestic disturbances like Tian Anmen protests, riots, Fa lun Gong and terrorist acts were only stumbling blocks to success and the Chinese authorities were quick to act and managed very well. Heavy investments in education was also a great factor plus the relatively cohesive force of the Chinese people as a whole. ❤❤❤❤from Malaysia.
我爱祖国❤中华民族万岁！

[axli]

China success is due to the great leaders that leads them. Xi deserves the noble award. Great work.

[nishanttomar]

china has done great works but in 20 years from now there will be many miracles

[khananakbar]

اس وقت پاکستان میں پنجاب مظفرگڑھ میں یونیورسٹی کی ضرورت ہے جہاں پر اُردو کے ساتھ چائنا زبان سکھائی جا سکے میرا بیٹا تین سال کا ہونے والا ہے میں چاہتا ہوں چائنا زبان سیکھے ایسا سکول اور کالج یونیورسٹی ہو جہاں پر تعلیم فری کتابیں فری دی جائیں اور بچوں کی تعلیم ایسے ہو جیسے چائنا میں تعلیم حاصل کر رہے ہوں تاکہ مستقبل میں چائنا کے ساتھ ملکر پاکستان چین دوستی کو مضبوط بنا سکیں

[chenseongchin]

Peaceful rise of China. Mao was very important in keeping China unified.

[bertranbelzor]

Leadership is the NUMBER ONE factor that decides the Future, the Destiny of a Nation. Because, Man Makes History !
It takes a Strong, Clever and Nationalist Leadership to take and keep a Nation on the path of Greatness. India does have a Nationalist Leadership but not a Strong and Clever one like China's.
That Leadership factor is the ingredient completely missing in almost all Black Countries where the individuals in power tend to play the role of Puppets, Opportunists or outright Traitors. It's very hard, if that exists at all, to find Nationalist Leadership leading a Black country.

That absence of a kind of Leadership comparable to China is definitely the factor that will determine the fate of Black countries and Black Peoples with regard to a Third Destruction after Slavery and Colonization.

[LandgrabbingIndia]

Historical economical facts of India and China: A tale of arrogance and talking versus humility and actions.
1) India joined WTO earlier than China. 1995 vs 2001. India had a head start advantage.
2) India gained independence in 1947, 2 years earlier than China (civil war). India had a head start advantage.
3) India's GDP was higher than China only because of the "British India" 's leadership.
4) After the British left India in 1947, India could only compete against China fair and square based on their true capabilities. Please note that India's GDP is much higher than China when both received their independence. It is the Indian leadership versus the Chinese leadership from this point onwards.
5) The GDP gap between China and India narrows down and China caught up with India during the 1980s.
6) 1980s is a very crucial period because it is the only period in history whereby both countries started at the same starting point of the GDP race after independence.
7) Fast forward today, China's GDP became 5+ times more than |ndia today. This is the difference between the Chinese GDP miracle versus the Indian GDP miracle.
8) Despite all these facts, India's leaders claimed to be the "World Fastest Growing Economy" and a superpower.
9) China's leaders claimed to be a developing country and has never claimed to be a superpower.

[umnuaysaehau]

The documentary is quite consistent with what I personally saw on the ground! Thanks.

[ogefpfs]

Ma helped China standing up.
Dong helped China prosper
Xi helping China stronger

[victorchew]

Totally agree but the No 1 point should be clean, efficient, leadership.

[wynetsang]

Science and Civilisation in China (1954–present) is an ongoing series of books about the history of science and technology in China published by Cambridge University Press. It was initiated and edited by British historian Joseph Needham (1900–1995). China has several thousand years of tech experience while the West only has several hundred years since the Dark Age.

[joeawk]

The leaders, the people sacrificed big time to save and accumulate money to invest in learning and buying technology.

[ericwong]

the word "miracle" is one of easy answer to tell ur own citizens that why Chinese are building, learning and growing faster than anyone on Earth. They sacrifice their lifestyle from generations to generations by work hard and harder. Trump has better answer to please his own voters, by simply saying China "steal" american money and technology!! That's what all Americans wanted to hear, rather than reality of they spending trillions of dollars on losing wars. In the end, blocking Chinese from US market only backfired. The trade war doesn't make China poorer, but even richer. Kicking out Chinese scholars doesn't make Chinese dumber, they simply invent their own technology. Now thanks to US closed door policy, China invented alternative way for global nations to grow, rather than need to deal with US.

[Anonymous------]

For 2000 years up until the Manchurian Qing Dynasty, China had been the most advanced civilization in the world. Marco Polo was reported how advanced China was, his report on China's advancements was so amusing to the Europeans that they thought Marco Polo was crazy, they threw him in prison for making up stories. It was later when Europe sent people to China and learned its technologies and inventions, then they returned back to Europe and implemented much of what they had learned from China, and created the Industrial Revolution.

[jc]

China always put the Nation's interests first, the Governing team at the top try to keep the country strong and their citizens contend; preferably try to eliminate poverty, innovate new technology, improve resources and that is what a GOOD governing body SHOULD Do! 國泰民安, for a recent real example, China HAD lifted 850 million ordinary peasants (very poor rural people) out of poverty line. A tremendous feat by any standard! Not a single nation on the planet can achieve such a feat even from a well developed country!! All western nations try (some of them don't even try) but without much success, probably down to poor leadership but I suspect they couldn't agreed to a unified goal and willing to put aside their differences for the good of the Nation! Pity, all the advance technology that the World has to offer and most of them have no idea how to put them to good use for the benefit of mankind. Instead, only concentrate on its destructive power and influence over others(sanctions). 中國继續加油、最好有一天是每個中國人都不必要捱窮、豐衣足食, 有禮儀 有知識、那就不枉此生!!! The World should get off their high horse and learn from China!

[tschoong]

It is not a miracle per se, China worked very hard for this progress. The culture of hard work is there. China does not rely of exploitation of other countries, people and or resources as opposed to the west.