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How did China's economy develop?
You can only say that you know nothing about China's achievements since the reform and opening up, but it is arbitrary and impolite to say that you are ignorant when I don't know you, so I'll put it another way. You know less about this. In the column directly in front of Phoenix TV Finance, we talked about China's economic miracle many times. No one doubts the moisture of China's economic development, whether it's a world-famous Nobel laureate in economics, a world-class economist, a major investment bank on Wall Street, an important leader of hedge funds, Lin Yifu, who once served as the vice president of the World Bank in China, or Zhu Min, an important official of the IMF. Moreover, they all highly admire China's narrative growth, saying that China's narrative growth is an impenetrable economic miracle, which in itself is a praise for China's great achievements in reform and opening up, and it was first put forward by foreign media. However, as soon as it spread to our netizens in China, it changed its flavor and became an ironic sentence. I really admire the ability of netizens in China to turn right from wrong. As mentioned in many programs, of the 100 countries whose economic level was similar to that of China at the beginning of the People's Republic of China, only 15 countries developed better than China. It does not include Japan, an economic power in the 1970s, including the Four Little Dragons in Asia, Taiwan Province Province, South Korea and so on. The economic miracle that foreign economists can't understand becomes very easy for you. In your eyes, do you really think that governing a country is easy, and governing a big country is like cooking some fresh food? First of all, I don't agree with the crazy consumption of resources. We used to be an oil exporter, and now we are the second largest oil importer in the world after the United States. The low price of coal is mainly influenced by imported coal from abroad, including precious so-called resources. Iron ore for steelmaking is imported from Brazil. We are a country with extremely scarce resources and cannot be self-sufficient for a long time. So you said crazy consumption. Even if it is consumed, it is also consumed by other countries, you know? Even under the condition of underdeveloped technology, it is understandable that there is no technology, because just like the Middle East, although they export crude oil, they can't extract it, so they can only export it and sell it back to refined oil at a high price. According to you, with so much crude oil in the Middle East, oil export is basically the only economic source, and the rest depends on imports. They haven't developed the technology of refining crude oil, at least in our country, and the leaders of their country are not as good as fools. Moreover, after the reform and opening up, we mainly rely on low labor costs to attract foreign investment, invest in factories, and provide wire drawing technology abroad. We process them for export and earn a meager profit. It will do harm to the environment, but there is no way. Without money, we can't even meet the most basic needs of life. If we don't open our policy advantages, why do foreign investors have to invest and build factories in China? Manufacturing just needs cheap workers. Africa, South America, Southeast Asian countries, Thailand, Vietnam and the Philippines, which one can't invest to build factories, are foreigners interested in this huge market in China? The purpose of our reform and opening up is to exchange market for technology and accumulate original capital. With foreign exchange, we won't do such things that damage the environment and consume resources. 17 The Third Plenary Session of the Central Committee put forward the slogan of industrial upgrading, and now it has been implemented. From the low-end manufacturing industry to the modern service industry, many policies have been introduced, such as the reform of the camp, the tax reduction of the tertiary industry, and the adjustment of industrial structure.

Finally, you mentioned infrastructure construction. Without infrastructure, life is hard to talk about. Urban construction is much worse than abroad. Now that some infrastructure has been built, you can enjoy the benefits of this infrastructure, such as parks, high-speed rail and highways, while saying that the country is not good. What do you want the country to do? Infrastructure construction is not what you want.