China's prosperity is built on:
- Industrial foundation during Mao era, with Soviet help, which was the biggest organized industry transfer in history.
- Reform & opening up, building up the biggest foreign-exchange reserve.
- The most direct increase in wealth among Chinese families are actually the property value.
- Housing in its essence is just a wooden or concrete box, its real value exists in the location and services near it (schools, healthcare, transport and job opportunities).
- These property wealth were all backed by China's massive industries, exports and foreign echange reserves.
- China's exports, was because of the industrial foundation and social reforms of the Mao era
- Imports