mention any four factor that led to the rise of the Chinese economy
Answers
Answer:
(i) Remarkable rise in agricultural production and rural income. (ii) Growth in rural industry. (iii) Rise in foreign trade. (iv) Large foreign exchange reserves.
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Answer:
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Explanation:
1/-Skilled Labour supply
There is a plentiful supply of skilled workers in China with a steady stream of rural-urban migrants in search of work.
2/-Female participation in the workforce
China’s workforce is characterised by a higher than average female participation in manufacturing industry.
3/-Raw materials
China has a great wealth of natural resources, having vast reserves of coal, oil and natural gas. These are being used to fuel the industrial development of the country.
4/-Stable Political system
The non-democratic and authoritarian political regime in China has meant that it has been possible to embrace western-style free market economics while maintaining control over the political system.
5/-Agriculture sector
About 7% of the Chinese GDP is from agriculture. Agriculture in China employed 26% of the total workforce in 2018.