Is China's economy modern? - created from Mind Map

China was abandoning its much trumpeted measure of 'green GDP' GDP: A scheme to measure the cost of pollution in China 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 The huge agricultural sector, which is devastated by: War depression impact

Economy measures up spectacularly Foreign Direct Investment (FDI) cheap labour immense importance of Overseas Chinese financial and human investment

Song Dynasty had the major changes in the Chinese economymajority farmers were subsistence cultivators, but by the end of the dynasty, they became specialists

18th century was the golden time for China territory expanded as the Qing conquered lands to the west and the norh introduction of New World grains population spread and grow

collision with imperialism and industrialization 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 only entered the international market fully in the modern era Sino-Japanese War crippled China's economy after late Qing crisis, overall agricultural economy of China became more productive and profitable destroyed China's state-building experiment

Mao's China new economy established by Mao by 1952 socialist command economy suffered grievously Great Leap Forward import substitution trying to become self-sufficient low production of consumer goods

China in the global economy Deng Xiaoping established the Special Economic Zones (SEZs) in port cities legally protected concept of private property countries became richer, wage became higher, and ultimately it became cheaper to move manufacturing to other countries By 2004, the government has stressed consumption, trying to encourage the Chinese to spend more on consumer goods and services signaled his desire to lay down the first phase of economic growth Gov. spent more on health care, state provision, consumers

Problems of Growth environmental pollution overpopulations limited oil supply lack of water lack of transparency and the corruption that comes along

Result: the economy is modern in 'some ways'

Is China's economy modern?