Is China's economy modern?

China was abandoning its much trumpeted measure of 'green GDP'
1. GDP: A scheme to measure the cost of pollution in China
2. it is reducing the economic growth
economy still growing at around 10% each year in first decade of 21st century
20th century was undoubtedly a troubled time for the Chinese ecnomoy
1. The huge agricultural sector, which is devastated by:
  1. War
  2. depression
  3. impact
Economy measures up spectacularly
1. Foreign Direct Investment (FDI)
2. cheap labour
3. immense importance of Overseas Chinese financial and human investment
Song Dynasty had the major changes in the Chinese economy
1. majority farmers were subsistence cultivators, but by the end of the dynasty, they became specialists
18th century was the golden time for China
1. territory expanded as the Qing conquered lands to the west and the norh
2. introduction of New World grains
3. population spread and grow
collision with imperialism and industrialization
1. one of major reasons that China's peasant economy from 1840s to the 1940s has come in for criticism is the turbulent nature of the times
  1. after late Qing crisis, overall agricultural economy of China became more productive and profitable
2. only entered the international market fully in the modern era
3. Sino-Japanese War crippled China's economy
  1. destroyed China's state-building experiment
Mao's China
1. new economy established by Mao by 1952
  1. socialist command economy
  2. suffered grievously
    1. Great Leap Forward
    2. import substitution
    3. trying to become self-sufficient
    4. low production of consumer goods
China in the global economy
1. Deng Xiaoping established the Special Economic Zones (SEZs) in port cities
  1. signaled his desire to lay down the first phase of economic growth
2. legally protected concept of private property
3. countries became richer, wage became higher, and ultimately it became cheaper to move manufacturing to other countries
4. By 2004, the government has stressed consumption, trying to encourage the Chinese to spend more on consumer goods and services
  1. Gov. spent more on health care, state provision, consumers
Problems of Growth
1. environmental pollution
2. overpopulations
3. limited oil supply
4. lack of water
5. lack of transparency and the corruption that comes along
Result: the economy is modern in 'some ways'

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Is China's economy modern?

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	Creado por Jin Park hace alrededor de 10 años