China's Economy

Chinese Presidents

Mao Zedong

10/01/1949 - 09/09/1976

Deng Xiaoping

09/09/1978 - 09/09/1989

Jiang Zemin

12/03/1993 - 03/15/2003

Hu Jintao

11/15/2002 - 11/15/2012

Modern Economy

China begins to prosper

12/01/1978

Incentives are introduced to try and make farmers more productive

12/01/1978

Foreign investment is allowed

01/01/1984

Economy continues to grow

01/01/2000

China joins the WTO

12/11/2001

State ownership is now restricted to heavy industry

01/01/2003

71% of China’s economy was in private hands.

01/01/2003

State owned firms have fallen from 300,000 to 150,000.

01/01/2003

Most state-owned enterprises are inefficient and fail to make a profit

01/01/2003

Retail sales on China more than doubled

01/01/2005 - 01/01/2009

80% of pirated goods come from China

01/01/2007

Safety concerns prompt need for safety measures

01/01/2007

Shenzhen is transformed from fishing village to city of 8 million

07/01/2007

World leader in car manufacture building 9.3 million cars

01/01/2008

People move from the countryside to the cities

01/01/2008

Factories close and workers return to villages

08/01/2009

China takes over Japan as the second largest economy in the world

01/01/2010

Expected that 60% of people will live in cities

01/01/2032

The Economy Under Deng

"To get rich is glorious"

01/01/1980

Establishment of the 4 modernisations

01/01/1980

SEZs set up to encourage factory production

01/01/1980

More food is produced

01/01/1980

More opportunity for people to work in factories and small businesses

01/01/1980

Coca Cola set up a joint venture in China

07/01/1980

The Economy Under Mao

China is the poorest and most underdeveloped country in the world.

01/01/1949

90% live in the countryside and in poverty

12/01/1949

99% of the economy is owned by the state

01/01/1956

By now half the population are considered poor

01/01/1956

The Government begin to push for industrialisation but productivity is low

01/01/1956

Cultural Revolution

09/01/1965 - 10/01/1968