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China is an upper [[Middle-income countries|middle-income country]].

China is an upper [[Middle-income countries|middle-income country]].

It has emerged as a major regional power in East Asia, and formerly it was averaging over 9% economic growth per year since 1978 when it introduced a market-based economic system known as socialism under capitalist management. Foreign businesses have flocked to invest in China, Americans and others rush to buy its cheap factory output, Chinese exports flooded the world. It has vast reserves of dollar holdings.  China is modernizing its military, has joined numerous regional and international institutions, and plays an increasingly visible role in international politics. However, the paper statistics of China's growth hide the fact that it may have a weaker economy than it admits, as seen in the many "ghost towns", among other factors.<ref>Fong, Dominique (June 15, 2018). [https://www.wsj.com/articles/chinas-ghost-towns-haunt-its-economy-1529076819 China’s Ghost Towns Haunt Its Economy]. ''The Wall Street Journal''. Retrieved June 15, 2018.</ref> Since 2020, China has been in the midst of a real estate crisis (See: [[Chinese real estate crisis (2020–present)]]). Since 2021, China’s stock markets have lost about $7 trillion in value (See: [[Chinese stock markets]]).<ref>[https://www.marketplace.org/2024/02/06/why-chinas-stock-market-struggling/ What’s going on with China’s stock market?], MarketPlace.org</ref> On February 17, 2024, the ''South China Morning Post'' reported that China’s young adults choose to be ‘full-time children’, paid by their parents to do chores amid record-high youth unemployment.<ref>[https://www.scmp.com/economy/china-economy/article/3252039/chinas-young-adults-choose-be-full-time-children-paid-their-parents-do-chores-amid-record-high-youth China’s young adults choose to be ‘full-time children’, paid by their parents to do chores amid record-high youth unemployment], ''South China Morning Post'', February 17, 2024</ref><ref>[https://www.youtube.com/watch?v=XxHTk5hM-DY China’s ‘full-time’ children], video</ref> The Chinese phrase "full-time children" refers to young  people who give up working and just live off their parents (See: [[Youth unemployment in China]]).<ref>[https://www.scmp.com/economy/china-economy/article/3252039/chinas-young-adults-choose-be-full-time-children-paid-their-parents-do-chores-amid-record-high-youth China’s young adults choose to be ‘full-time children’, paid by their parents to do chores amid record-high youth unemployment], ''South China Morning Post'', February 17, 2024</ref><ref>[https://www.youtube.com/watch?v=XxHTk5hM-DY China’s ‘full-time’ children], video</ref>

It has emerged as a major regional power in East Asia, and formerly it was averaging over 9% economic growth per year since 1978 when it introduced a market-based economic system known as socialism under capitalist management. Foreign businesses have flocked to invest in China, Americans and others rush to buy its cheap factory output, Chinese exports flooded the world. It has vast reserves of dollar holdings.  China is modernizing its military, has joined numerous regional and international institutions, and plays an increasingly visible role in international politics. However, the paper statistics of China's growth hide the fact that it may have a weaker economy than it admits, as seen in the many "ghost towns", among other factors.<ref>Fong, Dominique (June 15, 2018). [https://www.wsj.com/articles/chinas-ghost-towns-haunt-its-economy-1529076819 China’s Ghost Towns Haunt Its Economy]. ''The Wall Street Journal''. Retrieved June 15, 2018.</ref>  

The nation is under the control of the [[Chinese Communist Party]], which encompasses mainland China, albeit with many border disputes. Since taking power in 1949, an estimated 60 million to 80 million Chinese people have been killed by [[democide]]. This number exceeds the total number of deaths in two World Wars combined.<ref>''Commentary 7, On the Chinese Communist Party's History of Killing. ''Nine Commentaries on the Communist Party.''<br>http://www.ninecommentaries.com/english-7</ref> The communist Beijing regime claims [[Taiwan]] as a province, but Taiwan has never been part of the People's Republic of China and the survival of Taipei's democratic sovereignty is threatened.   

The nation is under the control of the [[Chinese Communist Party]], which encompasses mainland China, albeit with many border disputes. Since taking power in 1949, an estimated 60 million to 80 million Chinese people have been killed by [[democide]]. This number exceeds the total number of deaths in two World Wars combined.<ref>''Commentary 7, On the Chinese Communist Party's History of Killing. ''Nine Commentaries on the Communist Party.''<br>http://www.ninecommentaries.com/english-7</ref> The communist Beijing regime claims [[Taiwan]] as a province, but Taiwan has never been part of the People's Republic of China and the survival of Taipei's democratic sovereignty is threatened.   

Since China's accession to the [[World Trade Organization]] (WTO) in 2001, China represents a vast market that is growing more affluent and sophisticated while remaining a low-cost base for export-oriented production. The CCP has encouraged a form of Chinese ethno-centric [[national socialism]] amongst the younger generation.<ref name="aspistrategist.org.au">https://www.aspistrategist.org.au/xi-jinpings-conception-of-socialism/</ref>  Educationally, China is forging ahead with partnerships, and exchanges with foreign universities to steal [[intellectual property]] and [[subvert]] foreign governments and societies.

Since China's accession to the [[World Trade Organization]] (WTO) in 2001, China represents a vast market that is growing more affluent and sophisticated while remaining a low-cost base for export-oriented production. The CCP has encouraged a form of Chinese ethno-centric [[national socialism]] amongst the younger generation.<ref name="aspistrategist.org.au">https://www.aspistrategist.org.au/xi-jinpings-conception-of-socialism/</ref>  Educationally, China is forging ahead with partnerships, and exchanges with foreign universities to steal [[intellectual property]] and [[subvert]] foreign governments and societies.

For more information on China, see [[World History Lecture Three]].

For more information on China, see [[World History Lecture Three]].

By 2050, China could dwarf and double the US economy and military, with an overwhelming $100 trillion GDP, based on PricewaterhouseCoopers projections. China is eager to get the 1st place from the US and promote its agenda in an extreme way, even through killing 1.5 million people through a biological weapon, the Coronavirus.<ref>https://news.yahoo.com/china-wants-coronavirus-over-world-103022425.html</ref>

By 2050, China could dwarf and double the US economy and military, with an overwhelming $100 trillion GDP, based on PricewaterhouseCoopers projections. China is eager to get the 1st place from the US and promote its agenda in an extreme way, even through killing 1.5 million people through a biological weapon, the Coronavirus.<ref>https://news.yahoo.com/china-wants-coronavirus-over-world-103022425.html</ref>

===996 work culture and laying flat protest===

===996 work culture and laying flat protest===

{{See also|Youth unemployment in China}}

{{See also|Youth unemployment in China}}

The 996 work culture refers to the CCP requirement that all workers work from 9 AM until 9 PM, 6 days a week. In the 21st century many youths protested the culture by "lying flat", or dropping out of the job market, also known as voluntary unemployment. With the one-child policy, the lying flat movement led to an extreme shortage of younger workers in the job market.  As many as 13% of younger Chinese have dropped out of the job market by 2020.

The 996 work culture refers to the CCP requirement that all workers work from 9 AM until 9 PM, 6 days a week. In the 21st century many youths protested the culture by "lying flat", or dropping out of the job market, also known as voluntary unemployment. With the one-child policy, the lying flat movement led to an extreme shortage of younger workers in the job market.  As many as 13% of younger Chinese have dropped out of the job market by 2020.

===Agriculture===

===Agriculture===

See: [[Atheistic China and intellectual property theft|China and intellectual property theft]]

See: [[Atheistic China and intellectual property theft|China and intellectual property theft]]

=== Material related to whether China escapes the middle-income trap ===

 

=== Material related to whether China escapes the so-called middle-income trap ===

''See also:'' [[Middle-income countries]] and [[Middle-income trap]]

''See also:'' [[Middle-income countries]] and [[Middle-income trap]]