Star still rising in the east
The Citizen|September 13, 2024
Realised 4.7% GDP growth rate for the second quarter this year.
Brian Sokutu
Star still rising in the east

Whether at work, on skateboards, scooters, bicycles, in vehicles or jogging, the country of 1.4 billion Chinese looks like a nation at peace with itself.

With clean streets, manicured gardens, well-maintained infrastructure, impressive architecture in residential and commercial skyscrapers, one is unlikely to encounter a beggar in the Chinese capital Beijing - a far cry from Johannesburg.

Despite being the world's second-most populous country after India, China eliminated extreme poverty in 2021.

It's multitrillion-rand economy is the second-largest globally.

It is driven by hard-working people prepared to go to sleep late at night and wake up early in the morning.

This is at the core of what has seen the country realising 4.7% gross domestic product growth rate for the second quarter this year, having reported an estimated $17.7 trillion in 2023.

Behind what has become known as "socialism with Chinese characteristics", President Xi Jinping's key areas of intervention, which have propelled economic growth levels, included:

►A market-orientated business environment;

►A high-level open economic system and a commitment to modernisation;

This story is from the September 13, 2024 edition of The Citizen.

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This story is from the September 13, 2024 edition of The Citizen.

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