How is chinese economy

Previously, China was the largest economy  of the world but now it is the 2th largest economy of the world .The economy of China has modulated from a centrally planned system to a more market-oriented economy. Recently , government-claimed growth numbers have come under increased scrutiny, with both native and foreign financial and economic  commentator.

Chinese currency is Renminbi . In past two decades china has liberalized internal economy policy for foreign investment, and trade, and have experienced economic  growth at sustained high rates.  China ‘s population is 1.393 billion (2018) and GDP is $ 14. 140 trillion (2019 est). GDP rank  2^nd and 1^st PPP (2019)

Chine has the world’s largest foreign exchange servers  it  has also the world's fastest-growing consumer market and second-largest importer of goods.

The greatest threat to China’s national security is probably the Communist Party of China. I say this despite the wonderful fact that it has lifted millions out of poverty and has done much good for average Chinese people. So why do I say it?

Primarily, because the CPC is unable to share power with the people, it is only willing to invest in collective rule with the Politburo or authoritarian figures like Mao Zedong and Xi Jinping. While the first type of rule is stable, the second type of rule is very unstable and under both, we see problems in the PRC’s foreign and economic policies.

Because of the lack of democratic legitimacy, the CPC promotes ultra nationalism on issues like the South China Sea, Tibet, and Taiwan. In all three cases, the PRC is attempting to incorporate Qing and Ming Imperial claims into modern-day China, with the result that the PRC has become both a colony-holding state and an expansionist state.

Finally, because there is no democratic legitimacy or method by which Chinese people can become involved in political debate, they are suppressed. Like a tea kettle suppressing the steam, it becomes extremely hot topics, with the result of violence. This occurred in 1989, 2014, 2017, and of course, this year in Wuhan and Hong Kong. All authoritarian states are brittle. Because they are constantly suppressing the people, there is a tension between the people and the state.

For these reasons, the CPC is dangerous for China’s national security. It creates an outwardly strong state, which is vulnerable to authoritarian caprices, domestic unrest, and ultra-nationalist foreign policies. If we look at history, Germany and Soviet Union both had similar states and ultimately failed.