Previously, I heard that China’s economy is resilient. These days, because of the overturning in Wuxi, I saw that "no overload, no profit". I checked the logistics cost of China. It turned out that we not only ranked the top in the world in social security burden, but also in the world in tax burden. The proportion of logistics cost in production cost will be 30%-40%, which is about three times that of developed countries.
Of course, there are some problems in the economic structure, such as the insufficient added value of manufacturing industry and the large proportion of secondary industry. However, in the case of high costs, it still maintained growth of over 8% for many years and suddenly understood the meaning of "resilience".
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