There are countless number of books written about China and I also know most people do not want to read a book. So, I did some research and pick up all the most useful information for you.
About 160 years ago, my Grand Father and his younger brother came from a village in Quandong, China to Kuala Lumpur to work as carpenters. Gradually they saved enough of money they started their own timber sawmill and invited more people from their home village to come to work for them. In those day, there was no electric saw. Their business of hand sawing timber grew rapidly because there was a big demand for wooden railway sleepers. Their sawmill was located at the corner of the cross between Jalan Inbi and Jalan Pudu, diagonally opposite the Pudu Jail. Traditionally Chinese are very good businessmen. Like my Grand father, most of Chinese migrated to countries around the world to work and when they have saved enough of money they start to do business.
The above graph shows the numbers in millions of overseas Chinese. Indonesia has the most ethnic Chinese. Malaysia has 6.72 million ethnic Chinese. I think all of them are born in Malaysia. There are about 46 million Chinese living overseas and practically all of them are born locally.
China GDP average annual growth rate is about 6.5% in the last 40 years as shown below:
BEIJING, April 1, 2022— Over the past 40 years, the number of people in China with incomes below $1.90 per day – the International Poverty Line as defined by the World Bank to track global extreme poverty– has fallen by close to 800 million. With this, China has contributed close to three-quarters of the global reduction in the number of people living in extreme poverty. At China’s current national poverty line, the number of poor fell by 770 million over the same period.
You may like to see US GDP in the last 40 years as shown below:
In 2020 did badly -3.5% due to Covid 19 pandemic and many other issues.
China's foreign trade:
China was the first to recover from the pandemic and able to transport products from daily necessities to electronics and medicines to marketplaces around the world.
China has many advantages in producing products with favorable prices. China is rich in labor resources. Chinese people are hard working. China has a good manufacturing industries system. China has invested a lot in technology and innovation. China acts in accordance with international rules and regulations.
China’s foreign trade exceeded 6 trillion U.S. dollars for the first time in 2021, despite the impacts of the COVID-19 pandemic.
Official data shows the total trade in goods amounted to 6.05 trillion U.S. dollars, up 1.4 trillion U.S. dollars from a year ago. ASEAN, the European Union and the United States are China's three major trading partners.
China's imports and exports expanded 13.3 percent year on year to 6.2 trillion yuan in the first two months of 2022. Both exports and imports continued double-digit growth during the period, surging 13.6 percent and 12.9 percent from the same period of last year, respectively.
Top 10 Largest Banks in the World by 2020
· Industrial & Commercial Bank of China.
· China Construction Bank Corporation.
· Agricultural Bank of China.
· Bank of China.
· HSBC Holdings (HSBC)
· JPMorgan Chase & Co. (JPM)
· BNP Paribas.
· Mitsubishi UFJ Financial Group (MUFG)
In 2021, Fortune's Global 500 list of the world's largest corporations included 135 Chinese companies in total. Over the same year, Forbes reported that four of the world's ten largest public companies were Chinese, including the world's largest bank by total assets, the Industrial and Commercial Bank of China.
In May 1974 Malaysia established diplomatic ties with China. Before that time Malaysians were not allowed to visit China. My wife and I first visited China early 1980s. Subsequently we visited China more than 10 times and on every occasion, we see so many new high rise buildings, high ways and high speed rails which I am most impressed.
China High Speed Rail:
We travelled from Beijing to Shanghai by the high-speed Rail. The journey of 1,300 kilo-metres took us 3 hours and 15 minutes. China has world’s largest high speed railway network as long as 40,000 km (24,855 mi) and capable of accommodating high speed trains running at 250-350 km/hr(186-217 mph).ray k
China will extend its high-speed rail network nearly 32 per cent by 2025, roughly equal to the combined length of the next five largest countries by network size, amid an emerging consensus that Beijing is again leaning on infrastructure investment to curb an economic slowdown.
Of course, we saw the great wall. The first-ever section of the 'Great Wall' was first built in the Chu State over a period of 24 years (680–656 BC). Afterward, new 'Great Wall' sections were built or rebuilt on their old sites to resist the invasion from neighbouring states and later the northern nomads and nations, lasting over 2,300 years. The total length of the Great Wall is 21,196 kilometres (13,170 miles)
Forbidden City, Imperial Palace complex in Beijing, containing hundreds of buildings and some 9,000 rooms. It served the 24 emperors of China from 1421 to 1911. No commoner or foreigner was allowed to enter it without special permission. The moated palaces, with their golden tiled roofs and red pillars, are surrounded by high walls with a tower on each corner. The palaces consist of the outer throne halls and an inner courtyard, each palace forming an architectural whole. North of the front gate, a great courtyard lies beyond five marble bridges. Farther north, raised on a marble terrace, is the massive, double-tiered Hall of Supreme Harmony, once the throne hall, one of the largest wooden structures in China. The palaces and buildings are now public museums.
When we visited the Forbidden City, there was no flush toilets. Fifty years ago, a flush toilet in China was a luxury. Currently China Astronauts are flying to outer space and has established observatory space station. This is only a tiny example of China’s progress which is unstoppable.
The graph below shows the number of graduates from public colleges and universities in China between 2010 and 2020.
In 2020 around 32.9 million students were enrolled in public colleges and universities in China.
China is the most brilliant, most industrious, most ambitious, most educated, meritocratic and technocratic, most modern, sophisticated, and civilised, and best-governed by far. It is the first non-white, non-Western country to reach this status since the 1600s. The determination of this country is indescribable. It looks like China’s progress is unstoppable. By comparison, all the countries in the world have stagnated or progressed very little. In fact, USA has gone downward. Currently US inflation rate is the highest in 40 years.
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