P&L AI

China most incredible economic stratospheric economical rise is nothing short of economical miracle of 2021. A prevailing view among economists [2] is that much of China's rapid economic growth can be attributed to two main factors: large-scale capital investment by both large domestic savings and foreign investment and rapid productivity growth. The two factors happened concurrently and created mutually amplified effects, rapid productivity lead to more investments, which led to more productivity gains. Besides economical growth, both factors contributed to the largest social transformation resulting China lifting more than 100 million citizens from poverty and resulting in a mass movement of people from impoverished rural areas into metropolitan sections of the large cities.  This article expresses quite different point of view with different foregoing conclusions about why this incredible growth happened and what is going to follow. In my opinion, both contributing factors, were