Yes and No.
Actually, China’s success is explained by four factors:
- Releasing collectivist plan economy. One of the most clear ideas is the release of the Communist plan economy: the Marxist idea that the means of production must lie in the hands of the workers.
Bad plan. Actually, Deng Xiaoping said to the Chinese , “you may just like to make money again, as you did thousands of years earlier”.You don’t have to tell a Chinese twice. Without control, it does not work either, so one has imported the Japanese model: a Supreme Economic council where economy-whisper and statistics-verstehers work that indicate what the trends will be in the coming decades, and what bottlenecks, and which sectors need a boost and which are not.
This meant for the Chinese that there were complete production lines and factories for a fart and a marble bought up, screwed apart, shipped to China and reassembled there. You do not need to copy a product, if you have just purchased the complete production line. Add to this that the Japanese and the South Koreans saw benefits here, and started buying parts that were made on their own machines.
Or even more accurate: one foot in the EU. In the same way, the British were barely interested in a vibrating finger on stitches, so Hong-Kong soon became a central hub where gray and black money flows flowed through it. Do you remember products from the years ‘ 80 and ‘ 90 where Made In Hong-Kong stood up? Ten against one that at the address of the so-called factory was just a little office where the orders came in and the money flowed through, and the products actually came from a factory in Guangzhou, Dongguan or Shenzhen (yes, that’s not quite right, but at The HSBC, Royal Bank of Scotland, ABN Amro, Standard Chartered, Deutsche or the Bnps have a lot of clever people working to help you do that right.
They were very expensive, they could make beautiful things, and such a frost did everything to keep those people in their country. For the China of now, these are: production engineers, software engineers and talented Tools & Diem Akers.These are people who are worth gold in China. That second we understand. Those first are people who know how a production line can be assembled. Those third are people who make tools. In The Netherlands we would call them instrument makers: people with golden hands who make moulds, moulds, chisels and the like. If you are wondering why Apple makes its phones in China and not in America: with the estimated number of talented tools & Diem Akers in America, you can just fill a small venue. In China You can fill a nice football stadium with it. (if you prefer to work with your hands than difficult mathematical formulas in computer code to convert, this is a binding career tip) China is looking down from everyone.They have definitely been looking off Hong Kong. But they have a counterpart for IMF set up etc. Such matters have not been looked at by Hong Kong.
But their great success lies in creating added value in their factories.They sell their products to the whole world and so money comes in.
For the last decade they have been exchanging money for gold.They promote gold among their people. They know that prosperity follows the gold, not the foreign government debts.
If the Chinese of a certain country have learned something from trading then it is from the US. Only the Communists have brought the land on the path to become an economic superpower.Admittedly with often inhumane methods. Before the Communists got Power (1949), China had been a mess for decades.
Mao has modernized China with hard hand.After the visit by US President Nixon to China, trade between those two countries has gradually grown.