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Q.

China surpasses Japan as the second biggest global economy----news. Is it a victory for socialism or the capitalistic ideas of late China adopted? Your views?

Asked by Good Citizen, 31 Jul '10 12:01 pm
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Answers (6)

 
1.

1)I do not find any difference between capitalism of United States and socialism of China. Chinese have followed pragmatism rather than hanging on to any ISM which remains only in books. So it is a win for pragmatism and you are free to call it by any name of your choice.
2)In fact, Chinas remarkable progress has been achieved partly due to two important factors (1) State subsidy for industry and (2) Deliberate attempt to keep its currency at lower rate without being allowed to appreciate it vis a vis dollar. Allow it to float freely and you would see the result. China would lose its competitive advantage vis a vis Japan and the rest of the world. Here, you can say that it is the side effect of socialism / controlled regime which is not good.
Answered by Tony Fernandez, 31 Jul '10 02:02 pm

 
  
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2.

The modern China is more capitalist than the capitalist US and the success of China as world's manufacturing hub lies in its not so enviable factory model.The sprawling manufacturing plant in Shenzhen symbolised much about China's two-decade rise to become the workshop of the world. Every morning, 300,00 workers would troop in past the factory gates, all dressed in identical white overalls, . Over a twelve -hour wok-day, they would stand in silence, their hands nimbly sifting thru tiny electronic parts as they efficiently worked to assemble the high-tech iPods and MP3 players that were shipped off to far corners of the planet. In the process, China's south became world's factory.
Strikes by tens of thousands worken men in the export oriented factories in Shenzhen,Foshan, Pearl River Delta etc etc which were fuelled by the suicides of about ten workers, throwing themselves off the rooftop of Foxconn's factory, calling for better pay, less demandinbg w ...more
Answered by thampy chacko, 31 Jul '10 02:48 pm

 
  
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3.

Itni economy acchi hai to shron ko palne ke liye paise kyon nahi hain ,kyon tourist se 250 rs. ki ek murgi aur 500 rs. ka ek bakra khareedva kar use tamahsa banaya jata hai zoo main?
Answered by babu rao, 31 Jul '10 12:53 pm

 
  
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4.

Socialism or capitalism have nothing to do with the economic measures and policies of both the countries !
Answered by nkpathak, 31 Jul '10 12:07 pm

 
  
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5.

China is a talented country it has organised itself so its doing well even with a large population
Answered by kamini joshi, 31 Jul '10 12:01 pm

 
  
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6.

Neither, it is the victory of the hard work
Answered by rajnikant raiyarela, 31 Jul '10 12:01 pm

 
  
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