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The rich gets richer, while the poor gets poorer.

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Dorcas Hauck

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2y ago
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9y ago

China changed its economy by shifting from mostly agrarian industries to electronic and equipment manufacture. The economic policies of importing less and exporting much also helps China's economy to thrive.

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12y ago

with all of our money that's why the u.s. is in debt because we still owe them money

By lifting restrictions on their own economic activity's. In effect by allowing entrepreneurs to make a profit. They were poor so had a cheap labor market and the people in the developed country's were happy to pay the lower prices for the goods that were being produced in China.

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12y ago

In 2010, China's GDP growth was 10.456 percent, totaling US$ 5,745.13 billion, and is expected to increase 11.79 percent in 2011 to US$ 6,422.28 Billion. Forecasts for 2015 predict China's GDP to reach US$ 9,982.08 billion, growing 10-12 percent per year between 2010 and 2015.

China's economy is huge and expanding rapidly. In the last 30 years, the rate of Chinese economic growth has been almost miraculous, averaging 8 percent growth in Gross Domestic Product (GDP) per annum. The economy has grown more than 10 times during that period, with Chinese GDP reaching 3.42 trillion US dollars in 2007. China already has the biggest economy after the United States and most analysts predict China will become the largest economy in the world this century.

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Q: How did china get to where it is today in Economy?
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