China Emerging Super Power
Market Forces,
Success Story Of China
By
Abhishek(1204001)
Akshay(1204002)
Alekya(1204003)
Rohan George(1204004) Gnana chandu(1204005)
Hari kishan(1204006)
Introduction:
China officially the People's Republic of China (PRC), is the largest country in East Asia. It is the world's most populous country, with a population of over 1.3 billion. Covering approximately 9.6 million square kilometers, the country is the world's second-largest country by land area, and the third- or fourth-largest by total area, depending on the definition of total area.
The People's Republic of China (PRC) is the world's second largest economy binominal GDP and by purchasing power parity after the United States. It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world.
History Of Economy Development:
1949-1978:
Mao tried to push China's economy to new heights. Under his highly touted "Great Leap Forward", agricultural collectives were reorganized into enormous communes where men and women were assigned in military fashion to specific tasks. Peasants were told to stop relying on the family, and instead adopted a system of communal kitchens, mess halls, and nurseries. Wages were calculated along the communist principle of "From each according to his ability, to each according to his need", and sideline production was banned as incipient capitalism. All Chinese citizens were urged to boost the country's steel production by establishing "backyard steel furnaces" to help overtake the West. The Great Leap Forward quickly revealed itself as a giant step backwards. Over-ambitious targets were set, falsified production figures were duly reported, and Chinese officials lived in an unreal world of miraculous
Success Story Of China
By
Abhishek(1204001)
Akshay(1204002)
Alekya(1204003)
Rohan George(1204004) Gnana chandu(1204005)
Hari kishan(1204006)
Introduction:
China officially the People's Republic of China (PRC), is the largest country in East Asia. It is the world's most populous country, with a population of over 1.3 billion. Covering approximately 9.6 million square kilometers, the country is the world's second-largest country by land area, and the third- or fourth-largest by total area, depending on the definition of total area.
The People's Republic of China (PRC) is the world's second largest economy binominal GDP and by purchasing power parity after the United States. It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world.
History Of Economy Development:
1949-1978:
Mao tried to push China's economy to new heights. Under his highly touted "Great Leap Forward", agricultural collectives were reorganized into enormous communes where men and women were assigned in military fashion to specific tasks. Peasants were told to stop relying on the family, and instead adopted a system of communal kitchens, mess halls, and nurseries. Wages were calculated along the communist principle of "From each according to his ability, to each according to his need", and sideline production was banned as incipient capitalism. All Chinese citizens were urged to boost the country's steel production by establishing "backyard steel furnaces" to help overtake the West. The Great Leap Forward quickly revealed itself as a giant step backwards. Over-ambitious targets were set, falsified production figures were duly reported, and Chinese officials lived in an unreal world of miraculous