Chinese Econonmy

Main

China is the poorest and most underveloped country

1949 - 1950

90% live in the country side

People move from the countryside to the cities

1950 - 1960

Always increasing

China state government owns 99% of the economy

1956 - 1957

The Government begin to push for industrialisation but productivity is low

1959 - 1960

"to get rich is glorious"

1970 - 1980

Foreign investment is allowed

1978 - 2012

China begins to prosper

1978 - 1979

Establishment of the 4 modernisations

1979 - 1981

Coca Cola set up a joint venture in China

1980 - 1981

Incentives are introduced to try and make farmers more productive

1980 - 2000

More food is produced

1980 - 1990

More opportunity for people to work in factories and small businesses

1980 - 1990

Shenzhen is transformed from fishing village to city of 8 million

1984 - 1985

SEZs set up to encourage factory production

1984 - 2007

State ownership is now restricted

2000 - 2012

State ownership is now restricted to heavy industry and most state-owned enterprises are inefficient and fail to make a profit.

State ownership is now restricted

2000 - 2012

State ownership is now restricted to heavy industry and most state-owned enterprises are inefficient and fail to make a profit.

China joins the WTO

2001 - 2002

71% of Econmy in Private Hands

2003 - 2004

retail sales double

2004 - 2009

80% of pirated goods come from China

2005 - 2007

Economy continues to grow

2007 - 2012

Althought the reccesion affects many chinese firms

Safety concerns prompt need for safety measures

2007 - 2008

Factories close and workers return to villages

2007 - 2012

Biggest car manufacturer in the world

2008 - 2009

Expected that 60% of people will live in cities

2032 - 2033

Leaders

Mao Reign

1949 - 1976

Deng

1979 - 1992

Jiang

1993 - 2003

Hu

2004 - 2012