Untitled timeline

Main

China is the poorest and most underdeveloped country in the world

1949

90% live in the countryside and in poverty

1949

99% of the economy is owned by the state

1956

The cultural revolution

1966

China begins to prosper

1978

'To get rich is glorious'

1979

Coca Cola set up a joint venture in China

1980

Foreign investment is allowed

1980

Incentives are introduced to try and make farmers more productive

1980

More food is produced

1980

More opportunity for people to work in factories and small businesses

1980

SEZs set up to encourage factory production

1980

Shenzhen is transformed from fishing village to city of 8 million

1984 - 2007

People move from the countryside to the cities

1984

Economy continues to grow

1984

State ownership is restricted to heavy industry

2004

80% of pirated goods come from China

2012

Leader

Mao

1949 - 1976

Deng

1978 - 1992

Jiang

1993 - 2003

Hu

2004 - 2012