in the past years china is growing rapidly and can become the world’s preeminent power there are few reasons why:
Labour supply
China as a steady stream of rural-urban migrants in search of work.the main reason is mechanisation of agriculture leading to unemployment and under-employment in rural areas and concurrent growth in industrial work in urban areas. It is estimated that
Wages and unemployment
chinese workers have a fixed fixed wages because the vast supply of workers If workers demand higher wages, there are many more who will take the jobs available. in comparison in other east asian countries the Wages can be up to 10 times
Female participation in the workforce
in manufacturing industry there is higher then average female participation to compare to other countries
one of the main reason is the One-Child policy
which can significant reduce the child rising time making china workforce much larger
Political system
chinese political system
prevent from private business take over the market
all political dessesion and market regullatin have to be approved by the goverment
for that resons china accelerated economic growth over the past years
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