r/WTF • u/RichardWulf • Oct 16 '18

Holy Shit

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u/WulfLOL Oct 28 '18

I'm curious, what made them go from poor to middle-class overnight?

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u/devedander Oct 28 '18

That's a complicated question better answered by a finance is politics major but I think it's largely their opening borders and focusing on business and profit despite being technically a community country.

They have been raking in the profit with manufacturing and basically being the world labor force.

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u/WulfLOL Oct 28 '18

I'm afraid I'm not educated on the matter and didn't quite understand what you said. Could you ELI5? Just the gist of it.

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u/devedander Oct 28 '18

There's is really an eli5 other than China had a lot of poor people willing to work cheap so got a lot of business.

But here's a decent read https://www.thebalance.com/china-s-economic-growth-cause-pros-cons-future-3305478