SECRETS OF CHINA π¨π³ SOCIO-ECONOMIC EXPLOITS by Olubunmi Oluwadare
CHINAPRENEURSHIP.0.1 How did China became su per productive Nation by Olubunmi Oluwadare. #Madeinchina China's transformation into a productive nation can be attributed to several key factors: 1.Economic Reforms: China implemented a series of economic reforms starting in the late 1970s under the leadership of Deng Xiaoping. These reforms aimed to shift the country from a centrally planned economy to a more market-oriented system. Measures such as the establishment of Special Economic Zones, opening up to foreign investment, and allowing private enterprises played a crucial role in stimulating productivity and growth. 2.Export-Oriented Manufacturing: China focused on developing its manufacturing sector, particularly in labor-intensive industries. By offering a large, low-cost labor force, favorable business environments, and infrastructure development, China became a global manufacturing hub. This export-oriented approach fueled economic growth, created jobs, and attracted ...