It has also opened its economic climate to foreign trade and funding. China is now the largest economy on earth, as measured by buying power parity (PPP). In 2007, its GDP was $11. 2 trillion. The Chinese people have always loved to take risks which will become profitable. This is herbal; but it is also due to lack of social safety in the country. In China, there is not any unemployment repayment or pension system. This implies that people must plan their own finances and retirement. As a result, people are sometimes forced to work longer than they want or need. This can be a major issue, as it can lead to severe economic hardships. Nevertheless, China’s rapid financial growth has made the nation very rich and strong.
25.01.2023
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