Is Chinese economy really doing well?
As we all know, in many situations, it is relative whether something is good or bad. If we only compare today’s Chinese economy with the extremely bad conditions during the “Great Cultural Revolution” where millions of people starved to death, it is of course much better now, otherwise the Chinese people would have all died of hunger. But is the Chinese economy really doing well compared to other countries? According to data published by the International Monetary Fund (IMF), in year 2003, among 179 countries, China’s annual Gross Domestic Product reached USD $1,087 per person, and it ranked 110th in the world. It is only less than half of the average global GDP per person. Is that a figure worth celebrating? As we all know, the Chinese people are neither stupid nor lazy. During the vast majority of the last 5,000 years, the Chinese civilization was among the most advanced in the world. Even under the rule of Empress Dowager Cixi (1835-1908), which was considered the most corrupt and w
