But the rise of China was frustrating. The country had to endure famines, wars, and other mess ups. And after World War II, the Communists imposed strict controls over everyday life. Over the past quarter century, China’s financial system has modified from a centrally planned system to a market-oriented economic climate. It has also opened its financial system to foreign trade and investment. China is now the largest economic system on the earth, as measured by purchasing power parity (PPP). In 2007, its GDP was $11. 2 trillion. The Chinese people have always loved to take risks to be able to earn money. This is herbal; but it is also due to the lack of social safety in the nation. In China, there is not any unemployment reimbursement or pension system.
01.02.2023
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