Geopolitical Economy Report did two long video discussions on China’s growth last month which are worth watching if you’re interested.
In short, yes. China can keep up about a 5% average annual growth rate. Because capital is controlled by the state, and the state invests in developing the means of production and improving people’s quality of life, China is indeed capable of achieving their development goals.
Interestingly enough, just as the decade or so of near ten percent annual growth was planned and achieved, the recent deceleration to about five percent growth was also planned.
Geopolitical Economy Report did two long video discussions on China’s growth last month which are worth watching if you’re interested.
In short, yes. China can keep up about a 5% average annual growth rate. Because capital is controlled by the state, and the state invests in developing the means of production and improving people’s quality of life, China is indeed capable of achieving their development goals.
Interestingly enough, just as the decade or so of near ten percent annual growth was planned and achieved, the recent deceleration to about five percent growth was also planned.
Interesting, which videos are these?
I’m not the commenter you replied to but it’s most likely this one and this one.