Tuesday 21 June 2011

Why China is growing so fast

There are many reasons why china is growing so fast. 
Here are some major ones: 
1. China's unique history leading to her current economic miracle. Years of humiliation, suppression, and suffering in the past 100 plus years, most recently the cultural revolution in particular, had immensely steeled the chinese people's determination to never look back and only look forward. It also fueled chinese people's thirst to learn and drive to act.


2. Chinese culture, tradition, and mindset.
Chinese people are in general single-minded and hardworking in their trait as molded by
its culture and tradition. Chinese people are not strictly religious, which allow them to be
open minded. Chinese people value family and fiscal responsibility, which make them
entrepreneurial. Chinese people value education and social status, which provide them
additional drive to excel.


3. China's single-minded government leadership. Single-minded leadership, if steering at the right direction, does allow much faster decision, action, and results. Again, China's unique history made the right direction for the future to be set and not altered.

4. China's cumulative growing productivity, self-confidence, and improving social and
economical environment.

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