Xiaohei:


You’re right. China isn’t an absolute Communist state even though her political system is mirrored after it. So, politically speaking, she leans towards communism in that absolute powers are in the hands of the leader of the CCP from whom orders, recommendations, decisions flow unopposed. Commercial-wise, China practices a blend of socialism and capitalism usually referred to as “Socialism with Chinese Characteristics” - a system that ensures that Chinese enterprise, corporation can invest and expand overseas but neither they nor any local companies are above the party because the party is supreme. Alibaba comes to mind! I for word plenty but China no be naija where person go dey word matter as e be else person fit remove without trace. Hahahah!

Mehn I feel you, I understand.. I for like keep the conversation.. but most times we see some company rise dubiously above the government.. evergrande.. seemingly.

You reside at China

youngsahito:
These people are really developing their country while Americans are killing each other with guns daily. America will loose his world power to china soon

Guys, it is about need not show off. China needs these infrastructures. Let us not forget that China contains 1.4 billion people. With this population, you need all the infrastructures you can get. America plus Canada plus western Europe is not even up to half of China's population. You wouldn't expect the west to build some of these things China is building, it wouldn't make economic sense

2Lynx:


Mehn I feel you, I understand.. I for like keep the conversation.. but most times we see some company rise dubiously above the government.. evergrande.. seemingly.

You reside at China

Man don dey this area in and out since tey tey! Evergrande’s case showed the ever prevalent corruption in the real estate industry because as the erstwhile largest real estate coy it had unfettered access to stupendous loans. If the Chinese govt hadn’t stepped in swiftly to minimize the damages of Evergrande defaulting on its loans, the real estate market would’ve suffered irreparable losses. The ripple effects is still being felt because more and more potential homebuyers are now reluctant to purchase new homes especially in big metropolitan cities. On the flip side, Evergrande do build beautiful sprawling estates the same way Country Garden Coy. and China Vanke do. Of a truth, no coy no matter how behemoth it is in terms of structures, revenues, and job creation can be above the CCP party! You should read about Jack Ma and Alibaba!

Kenn55:


Guys, it is about need not show off. China needs these infrastructures. Let us not forget that China contains 1.4 billion people. With this population, you need all the infrastructures you can get. America plus Canada plus western Europe is not even up to half of China's population. You wouldn't expect the west to build some of these things China is building, it wouldn't make economic sense

is it by the population? Nigeria that is the most populous black nation in Africa, what have we achieved. China was not recognized as a potential world power but through their technology and economic develop. Countries are forced to reckon with them meanwhile America is dealing with their insane gun law and violence with drug abuse. China is taking over the world soon!!! Take it or leave it bro.