Why is china is one of the richest country?

Answer 1

During the past few decades, China has been largely regarded by the West as a 'developing country', ie one that, yes, is poor.

However China's current astounding economic growth has led it into a world superpower status. your question needs to specify if you are asking about the people or the country. it is an extremely wealthy country in terms of GDP (7.8 trillion and counting) however because China's land area is so vast and there are so many people, the wealth is not spread evenly and in some areas infrastructure and health care may be rudimentary.however, this is the case in many countries, even in other countries which are considered to be 'more economically developed'. The massive 2008 Beijing Olympics changed the world's view of China; it can be considered an enormous success.

China's history is also extremely rich; it is one of the oldest civilizations in the world. its culture is diverse and fascinating.

in terms of material wealth, well, that is currently quite subjective. it is true there are many billi- and milli- onaires in China; luxury stores all across the world have entered its walls. to pick a trivial example, china is now one of the 8 countries on the 'pick your country' list on the Louis Vuitton website. Chinese women (some of my friends!) love spending on their monogrammed/quilted designer handbags, and Beijing is chock full of luxury condominiums.

this can be quite suprising as China is officially ofcourse, a 'communist' country. but like i have said, its face is changing. it is learning how to accumulate wealth and power, and one day may overshadow the other superpowers in this world.

Gabrielle (London)

PS, i hate it when people don't distinguish between Hong Kong and China. hong kong is china. some organizations confuse people by writing there offices as being in 'New York, London, Paris, milan, hong kong, china...' but people, hong kong is a city in china. don't confuse it with Taiwan, over which there is much controversy! :)

i suggest these websites for further insight:

http://news.bbc.co.UK/1/hi/world/Asia-pacific/8035906.stm

http://www.upiasia.com/Society_Culture/2009/04/13/how_did_chinas_millionaires_get_so_rich/2430/

Answer 2

Depends on the city and where you live in China? Generally speaking, China government is wealthy enough with the money on some handful people. However, if you are talking about the masses, and the overall people in China, which includes 80% farmers, who can't afford education, medical expense as well as some basic living expense. it is considered poor in general. To certain top cities in China, like Beijing, Shanghai, or Guang Zhou. the wealth is much more than some countries in Europe, where the average people is considered low also. Hope it does help.

Answer 3

China is a powerful country containing approximately 1/5 of the world's population. However its power at present lays more in its economic clout then in its military might. Militarily China still needs to go a long way before reaching the sort of highly technologically advanced war machinery that are used by the Europeans and Americans. However, in the modern world, real power lays in economic clout.

It is considered a global superpower, a permanent member of the United Nations Security Council (UNSC) and one of the five nuclear weapon states subject to the Nuclear Non-Proliferation Council.

Answer 4

no. it is a LEDC (less economically developed country).

Answer 5

No China is not the richest but second richest.

Answer 6

The U.N. still classifies China as a developing country

Answer 7

yes and no no because communist yes because they are the largest country in the world

Answer 8

because most of the stuff we buy is made in china and when you buy there stuff they get money