China has come a long way since the early part of the 20th century. From a rural “backward” country China has transformed its economy in the 70 years since 1949 to become the world’s second largest economy. While other communist countries collapsed and converted to democracy, China followed a different approach called “Market Socialism”. In …
Continue reading ‘China’s Economic Miracle From 1949 To 2019: Infographic’ »
In a recent New York Times article Thomas Friedman on the impact of globalization on the Coronavirus pandemic asked this interesting question: Who knew that there were regular direct flights from Wuhan, China, to America? Of course, not many Americans knew there were direct flights from “over there” to here. In fact, it can be …
Many of the epidemics and pandemics in modern times originated in China. For example, the Asian Flu (1956-1958), SARS (Severe Acute Respiratory Syndrome) in 2002, H7N9 in 2012, etc. all started in China. Of course, the country is also the source for the current coronavirus pandemic (Covid-19). The reasons for why China is the originator of …
Continue reading ‘Interesting Article on Manchurian Plague, 1910-11’ »
The Top Weapons Supplier to China in 2018 and last year was Russia. Ukraine is also a major exporter to China. Among the Western countries the top suppliers are France, Germany, Switzerland and Germany according SIPRI. Click to enlarge Source: RFE/RL
The economy of China is increasingly becoming a domestic consumption oriented economy form an export-driven economy. As a result, consumption is booming and Chinese firms are focusing more on the local market than the overseas markets. By producing goods that most people can afford they are also taking market share from foreign multi-national firms. Hence …
Continue reading ‘The Top 10 Growing Domestic Brands in China: Chart’ »