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by snowwrestler 1877 days ago
In simple terms, the current growth of the Chinese economy is not yet economically self-sustaining in the absence of foreign investment. They have a lot of people, sure, but most of them are still poor.

So the Chinese government does not hold all the cards in their relationship with foreign investors. They need each other, which creates a balance that they both have to carefully negotiate.

1 comments

> The World Bank Group suggests that the percentage of the population living below the international poverty line of $1.9 (2011 PPP) fall to 0.7 percent in 2015, and poverty line of $3.2 (2011 PPP) to 7% in 2015.[4] At the end of 2018, the number of people living below China's national poverty line of ¥2,300 (CNY) per year (in 2010 constant prices) was 16.6 million, which translated to 1.7% of the population at the time. https://en.wikipedia.org/wiki/Poverty_in_China