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The China he sees his grow PIL for the period July-September 4.9% compared to the same quarter last year.
The result, announced byStatistics National Institute of Beijing, contrasts with other world economies, such as United States me European Union, who are faced with negative results from the beginning of coronavirus pandemic.
China is the only country on the rise after the coronavirus
After the first months of 2020, in which China observed a historical contraction of its Gross Domestic Product to -6.8%, due to the drastic measures of emergency shutdown In Wuhan, the Dragon production system experienced a strong recovery in the second half of the year.
According to International Monetary Fund, worth1.9%, the People’s republic Sara the only country in the world to enjoy in these difficult months economic growth.
The Chinese recovery, therefore, is unparalleled throughout the planet and according to various analysts is the result of a precise strategy adopted by the central government that was developed in three phases.
PIL at + 4.9%
As is known, the first cases by Covid-19 registered in China, particularly affecting the province of Wuhan, between the end of 2019 and the beginning of 2020.
Therefore, from the end of January to March, most of the economic and productive activities were interrupted, but already in April the authorities restarted the factories.
Increased production, with a specific concentration in medical-sanitary products (like masks) e technological, did expand your export quota compared to states where, on the other hand, there was a blockade of international trade.
Increase in domestic demand
But, having contributed more to the growth of its GDP, was theincreased consumption by Chinese citizens themselves, who have regained confidence and, more importantly, have resumed spending.
In August the Retail has had a wave of 3.3%, while the Available income enhanced by 0.6% compared to the previous year.
A factor related to the very low number of infections, whose veracity, however, is questioned by some international observers.
In addition, the massive monitoring of movements through the control of cell phones and personal data by the central government has attracted several criticisms from Western countries regarding the issue of privacy and individual freedoms.
Towards economic independence?
Some large international companies also enjoy this development situation, which have found a lifeline for their business in China.
Therefore, we must note a first change in the Chinese development system, which still depends heavily on world exports, but is increasingly targeting its own citizen-consumers.
By doing so, in the future, you will be able to focus more on your own Economic independence, also in the face of possible blockades and restrictions by other nations, first of all the United States.
