90% live in the countryside and in poverty
China is the poorest and most underdeveloped country in the world.
Less than 13% live in cities
99% of economy owned by the state.
99% of the economy is owned by the state
Productivity is low, but push for industrialization
China began to prosper
Change to allow foreign investment.
Coca Cola set up a joint venture in China
'To get rich is glorious'
Incentives introduced to encourage farmers.
More opportunities for people to work in factories
SEZ's intoduced to Shenzhen
China began importing oil to fulfil its needs
71% of economy in prvate hands
Economy starts to grow
China joined the WTO
Estimated that over 80% of all pirate goods come from China
Chinese intruduced new measures to counter piracy
China became the 'factory of the world'
World leader in cars
Economy has grown at a steady 10%
Over 40% live in cities
Expected to match USA's demand for oil in 2030