Which of the following is the biggest driver of China's economic growth since 1990s?A.Technological innovationB.Productivity gainC.Labour resourceD.Capital accumulation
Question
Which of the following is the biggest driver of China's economic growth since 1990s?A.Technological innovationB.Productivity gainC.Labour resourceD.Capital accumulation
Solution 1
The biggest driver of China's economic growth since the 1990s has been:
D. Capital accumulation
China's rapid economic growth since the 1990s has been driven largely by capital accumulation, which includes investments in infrastructure, real
Solution 2
The biggest driver of China's economic growth since the 1990s has been:
D. Capital accumulation
China's rapid economic growth since the 1990s has been driven largely by capital accumulation, which includes investments in infrastructure, real estate, and manufacturing capacity. This has been facilitated by high savings rates, foreign direct investment, and government policies.
However, it's important to note that while capital accumulation has been the primary driver, other factors like technological innovation, productivity gains, and labor resources have also played significant roles in China's economic growth.
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