1 - Watch documentary "The China Hustle" on Netflix;
2 - We need to analyze what are the fundamentals that make an economy grow rapidly.
Brazil has already been considered by some scholars and the Economist magazine as a possible world economic power in 2009.
Between 2013 and 2015 it was revealed that it was all a big hoax.
Economic policy and the Brazilian strategy to be considered a potential power was to create an artificial environment of well-being where the state provided everything from homes, furniture and cars to citizens.
Another issue is that the state artificially created the need for infrastructure works to stimulate the economy. This is reminiscent of China's ghost towns.
Many Brazilians who understood the basics of a market economy knew that everything would collapse. As it happened and today we live here in a country in serious economic problems.
Okay ... China has done something much more structured than Brazil. China is stimulating its economy much more aggressively and this is bringing a look of economic health. God save us from it all collapsing in a short time. In today's globalized world, it would not be good for that to happen.
Although the Communist Party is the commander in China, they do not take communist ideology seriously, they are much more capitalist than other countries, including countries like Brazil.
Thanks for the comment. I agree with you about Chinese communist party