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