The goals of Deng Xiaoping’s economic reform were the ‘Four Modernizations’. This Four Modernization refers to the reform of agriculture, industry, national defense, and science technology. These reforms were to solve the problems of motivating workers and farmers to produce a larger surplus and to eliminate economic imbalances that were common in command economies. Deng Xiaoping felt that the quickest way to build a better China was to improve living conditions immediately, to give people the level of morale they need for further development. At that time, he realized that China’s economic need to reform; he found very effective ways to reform the China’s economic. His goals were to open up the China’s market to the outside world, breaking down the collective farms, getting rid of state-run enterprises and providing more jobs for people in the industry. He found that the most important thing was the modernization of agriculture because 80% of the population derived their living primarily from agricultural production. The new contract responsibility system allowed farmers to rent land for individual farming families. Farmers had to sell a certain percentage of their crops to the State with the State’s price, and they could sell the remaining for their own profits. This system had helped the rural income to be doubled (Benson, 47). It marked a successful modernization of agricultural. Besides the modernization of agricultural, in the Deng era, there was a shift from central planning and reliance on heavy industry to consumer-oriented industries and reliance on foreign trade and investment. Some of the new factories were purchased from other countries; some of them were built with local resources. Capitalist enterprise was ac... ... middle of paper ... ...ation, Chinese students were able to learn about the higher living standard and encountered a range of ideas that might become profoundly subversive influences. In the late 1970s, the USA established full diplomatic relations with China and terminated the mutual defense treaty that the USA and the ROC had signed in 1954. Also, the US opened its markets, and continued to restrict the export to China of technologies having possible military uses. But 1982, Chinese began to distance themselves from the USA to imrove their relations with the Soviet Union. But only a year later, after a substantial loosening of US restrictions on exports to China, the relationship between China and the USA began to improve again. Works Cited Moise, Edwin E. Modern China. Great Britain: Pearson Education, 2008. Benson, Linda. China Since 1949. Great Britain: Pearson Education, 20082.
Following the Chinese Revolution of 1949, China’s economy was in ruin. The new leader, Mao Zedong, was responsible for pulling the economy out of the economic depression. The problems he faced included the low gross domestic product, high inflation, high unemployment, and high prices on goods. In order to solve these issues, Mao sought to follow a more Marxist model, similar to that of the Soviet Union. This was to use government intervention to develop industry in China. In Jan Wong’s Red China Blues, discusses Maoism and how Mao’s policies changed China’s economy for the worse. While some of Mao’s early domestic policies had some positive effects on China’s economy, many of his later policies caused China’s economy to regress.
After Deng Xiaoping gained power in 1978, a new political atmosphere was promised for the Chinese people. A promise of a free land with a modern economic state was made by Deng in order to gain public support. During Deng’s reign, a series of economic reforms were made. These reforms had major impacts on both the economy and the society of China.
Before the Communist Revolution, China had a dynastic system for their form of government. A dynastic system consisted of China being ruled by emperors and it started around 221 BC. The first known dynasty in China is the Shang Dynasty. The social classes included the upper class of nobles, the working class, and slaves. In the Shang Dynasty, China was well- known for their well- organized armies and the chariots they used. Their system of writing consisted of pictures called ideograms, pictograms and phonograms. The dynastic system left China in 1911 when the Qing Dynasty ended. A republican form of government was introduced where warlords governed the country. This type of government was weak for China and Sun Yat-sen, the leader of the Nationalist Party, searched for help from other countries to try to bring down the warlords. Unfortunately, western countries did not give their help, and China went to the Soviet Union for help instead. The Soviet Union agreed to help them out but they pushed for China to become communist. This decision eventually led to the civil war that occurred in China.
China's transition from the leadership under the iron fist of Mao Zedong to the more liberal Deng Xiao Ping gave the People's Republic a gradual increase in economic freedom while maintaining political stability. During Mao's regime, the country focused on bolstering and serving the community, while subsequently encumbering individual growth and prosperity. Deng advocated a more capitalist economic ideology, which established China as an economic force in the global community while endowing its citizens with more liberties and luxuries than previously granted.
Deng engineered important reforms in virtually all aspects of China’s political, economic, and social life. (Encyclopedia Britannica Editors)
While in China a similar problem became evident, the farmers of China began to notice the deterioration of agriculture and while they had no money because the lack of food they were also being pushed off their lands by the Qing (Bulliet, Crossley, Hedrick, Hirsch, Johnson, and Northrup).... ... middle of paper ... ... Boston: Houghton Mifflin, 2007.
China is the largest developing country in today’s world and the rapid growth of the Chinese economy has attracted attention from all over the world. Some people falsely think that China is a country that China is only pursuing their economic reform, but without any democratic changes. On the contrary, China actually has a long history of democratic reforms. China has a different way of democratic reform that different from western-style democracy, which made Westerners think China is a powerful country with limitations in democracy. However, my point of view is that China is not limiting their democratic change, and China is utilizing a distinctive form of democracy.
From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This further predicted the country to record the highest GDP growth in the whole world.
Since then, both countries have existed in neither a state of complete independence nor integration of neither war nor peace. The United States has committed to defend Taiwan if attacked by china in the Taiwan relations act of 1979, in which the US president carter officially began diplomatic relations with the people’s republic of china and gave token recognition to their “one china policy” and its agenda of reunification. Instead of maintaining a significant deployable military force in the region, the United States has sold billions of dollars worth of arms to Taiwan, from small arms, to ships, fighter aircraft, and patriot missiles. Despite the arms sales to Taiwan and vows to defend it if attacked, the United States also has significant economic ties to both china and Taiwan. Since, then it has been trying to maintain the “status quo” of the current situation.
Howe, Christopher, Y. Y. Kueh, and Robert F. Ash. China's Economic Reform: A Study with Documents. London: RoutledgeCurzon, 2003.
Zhao, S., (2003), ‘Political Liberalization without Democratization: Pan Wei’s proposal for political reform’ Journal of Contemporary China, 12(35): 333–355.
When the new Chinese Government was set up in 1949, the new government faced a lot of problems. First on their agenda was how to re-build the country. As Communist Party of China (CPC) is a socialist party, their policies at the time were similar to that of the Soviet Union’s. Consequently, the CPC used a centrally planned strategy as its economic strategy when it first began. For a long time, the Chinese economy was a centrally planned economy in which none other than the state owned all companies. In fact, there were absolutely no entrepreneurs. As time went on, the problems of a centrally planned economy started to appear, such as low productivity, which was the key reason for restricting the development of China. With the population growing, the limitations of the centrally planned economy were clear. In 1978 China started its economic reform whose goal was to generate sufficient surplus value to finance the modernization of the Chinese economy. In the beginning, in the late 1970s and early 19...
Finally, the United States political system has a strong structural structure but in China their people always work together to be the best and stand out in the world. It is predicted that China will one day be the largest economy-growing country in the world. They continually grow and rebalance their world to be the best. The growth of the economy will depend on the Chinese government's comprehensive economic reforms that more quickly accelerate China's transition to a free market economy. Consumer demand, rather than exporting, is the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection.
In 1979, under the leadership of Deng Xiaoping, China began to become economically globalized through many economic reforms. The first reform offered price and ownership incentives for farmers, which allowed them to sell a portion of their crops to the free market, rather than the government monopolizing the whole market (Morrison, 4). Four special economic zones, along the coast, were established by the government in order to try and attract foreign direct investment. This helped to boosts exports for China, and further, allows China to import better technology from the foreign investments (Morrison, 4). In addition to the four economic zones, other cities on the coast were “designated open cities” which allowed them to practice “free market
The People’s Republic of China has been one of the key growers of the global middle class throughout the past decades. It houses a middle class population of approximately 300 million people. A massive shift is occurring to increase marketing and increasing urban middle class populations in China. Millions of people are being encouraged to move to the cities which will springboard economic growth through domestic consumption. In addition to urbanization and consumption, the PRC is investing in programs designed to boost infrastructure, healthcare and education. This includes new transportation technology, designed to make domes...