China’ overwhelming objective is clearly economic development, a policy to which it has hewed closely and which it declares for its future. That is no surprise; it is the dream of every developing nation. It is “The Chinese Dream.”
If such goals were no more than words on paper, there would be no problem. But China is succeeding as is widely acknowledged now. Its economy surpassed the U.S. in terms of GDP (PPP) in November of 2014 according to the IMF and is growing faster. Over 700 million have been brought out of poverty, with extreme poverty eliminated in 2020. The middle class now comprises over 400 million people. The retail market is enormous and the ecommerce market by far the world’s largest. China is the world’s largest manufacturer and trader.
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