AFAIK, it depends on which segment of society you look at. People living near urban and industrial centers, mainly along the coast, certainly have seen their standard of living rising drastically over the last decades. People in the rural interior of China not so much. And then there’s of course the whole genocide of the Uyghurs in the west of China …
People living near urban and industrial centers, mainly along the coast, certainly have seen their standard of living rising drastically over the last decades.
Not trying to drag this out so much, as I think we both agree essentially, but wouldn’t this not also have been the case when they had been working in a local factory run by a ‘Western’ company instead?
In essence yes. But the growth of the country’s economy without local technical knowledge would almost entirely depend on these outside investments. There could be a variety of reasons why foreign companies might close up shop and move elsewhere, leaving just huge empty factories behind.
True. I was just confused by calling it the best move for ‘the Chinese’. Because for ‘the Chinese’, I’d argue it didn’t make a difference.
AFAIK, it depends on which segment of society you look at. People living near urban and industrial centers, mainly along the coast, certainly have seen their standard of living rising drastically over the last decades. People in the rural interior of China not so much. And then there’s of course the whole genocide of the Uyghurs in the west of China …
Not trying to drag this out so much, as I think we both agree essentially, but wouldn’t this not also have been the case when they had been working in a local factory run by a ‘Western’ company instead?
In essence yes. But the growth of the country’s economy without local technical knowledge would almost entirely depend on these outside investments. There could be a variety of reasons why foreign companies might close up shop and move elsewhere, leaving just huge empty factories behind.