Economic Development of Modern China

Main

First Five Year Plan

1953 - 1957

Outlined the main aims of
economic development (only
formally adopted in 1955)

‘On the Question of Agricultural Cooperation Speech - Mao Ze Dong

July 31, 1955

Launch of rapid
collectivization. Marks
abandonment of gradualism

Ten Major Relationships Speech

April 1956

Great Leap Forward

1958 - 1962

Single Bank Split into 4 State Owned Banks

1978

SHSE & SZSE established

1990

Shanghai Stock Exchange & Shenzhen Stock Exchange Established

Deng Xiao Ping's Southern Tour

1992

also entailed financial reform – restructuring of the banking system

WTO Entry

2001