China is federal because it has local provincial governments with decision making authority. A unitary state can’t make something the size of China work.
I’m no expert but I disagree with the last guys assessment that China’s economy is going to grow because population is increasing. Increased population doesn’t equal large economies. There are offsets like tech, age demographics, industry inversement, infrastructure, quality of life, immigration, etc. If we go by his logic Nigeria should have a bigger economy than Russia or the Netherlands. His argument was terrible.
Commenting so the algorithm knows this is good
Chinese GDP is over estimated by 60% according to the university of Chicago which means it’s economy is about the same size as India in PPP terms.
Yep. I think they’re lying about their population numbers as well. Some estimate that it’s around 1.2 billion instead of 1.4 billion.
Without looking into the numbers, that just sounds extreme
@@mrniceguy7168 I personally think it might be around 30-40% but here’s a video
ruclips.net/video/A5A5Eu0ra3I/видео.html
@@mrniceguy7168 yep i thought the same as well. however, the fact that their vice premier admit that their GDP is overestimated...
@@MasayaShida Same like the Fed admitting they don't know what they're doing ....
32:17 Little nitpick but it's not "federal money" or "federal state" - China is unitary
China is federal because it has local provincial governments with decision making authority. A unitary state can’t make something the size of China work.
Keep it coming
Do one about Trinidad and Tobago 🇹🇹
I’m no expert but I disagree with the last guys assessment that China’s economy is going to grow because population is increasing. Increased population doesn’t equal large economies. There are offsets like tech, age demographics, industry inversement, infrastructure, quality of life, immigration, etc. If we go by his logic Nigeria should have a bigger economy than Russia or the Netherlands. His argument was terrible.
Furthermore, China’s population isn’t increasing. It’s decreasing.
☹️ 'Promosm'