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conomical China

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First Five Year Plan (1953-1957) Government control of all goods and services. Led to inequalities between cities and rural areas. The Great Leap Forward (1958-1960) ... – PowerPoint PPT presentation

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Title: conomical China


1
conomicalChina
E
  • Communism to Capitalism

2
The Maoist Economy
  • Starting out
  • Awful economy when the PRC was founded
  • Switched to command economy,
  • First Five Year Plan (1953-1957)
  • Government control of all goods and services
  • Led to inequalities between cities and rural
    areas
  • The Great Leap Forward (1958-1960)
  • Industrial drive
  • Backyard furnaces produced inferior steel
  • The Cultural Revolution (1966-1976)
  • Industry run by village committee rather than
    managers
  • Overall A mixed batch.
  • Squandered resources, industry more interested in
    policy than production.
  • Created a good base for further industrial
    improvements

Soviet model
3
Deng Xiaoping
  • U-TURN!!
  • Less politics, more development
  • It doesnt matter whether a cat is white or
    black as long as it catches mice.
  • Instigated sweeping economic reform Chinas
    second revolution
  • Details
  • Now a
  • Chinas economy now contains both socialism and
    capitalism
  • Market still subordinate to the government
  • Most areas became decentralized
  • GNP Way better off than most of Asia after
    financial crisis in late 1990s

Socialistic Market Economy
4
Rural Areas
5
Rural Areas

Redistribution -turned into collective
farms following socialist ideals Collectivization
-agriculture one of the weakest parts of
Maoist economy -didnt provide for enough
people People Communes -uber big farms
-poorly managed, little incentive to work
hard Household Responsibility System -still
in place today -peasants allowed to plant
what crops they wish -land is rented out
by the government (30 year contracts) Township
and Village Enterprises (TVEs) -Rural
factories and businesses -Run by
individuals for personal gain
Redistribution-gtCollectivization-gtPeoples
Communes-gtHousehold Responsibility
6
CONSEQUENCE!!
  • Industrial
  • Unemployment
  • WAY up, factories firing excess people
  • Corruption
  • Individuals are still in charge of vast
    store-houses of materials
  • Rural
  • Social Services
  • Now limited education and health care
  • TVEs
  • Profit vs. civic duty
  • Individual farming
  • One-Child Policy conflicts

7
CONSEQUENC!! (cont)
  • Decentralization
  • Economic warlordism
  • Different regions competing
  • Making tariffs
  • DEFIANCE!
  • Local governments defy or ignore the big gov.
  • Change
  • You Question the Party?

8
International Interaction
9
International Interaction
  • Reforms require China to open to the world
  • Copied South Korea and Japans Industrial models
  • Foreign investment much, much higher
  • Special Economic Zones
  • Greater China
  • China, Taiwan, Hong Kong
  • Economic Repercussions?
  • Human Rights Activists (MFN)
  • Tiananmen Square
  • Yeah right
  • Weapons Sale
  • Smaller market than Russia, sells to enemies of
    the West

10
Coming soon!!!
11
So its not China but its Still cool
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