Chinas Economic Miracle
Title: The Chinese Economic Miracle [copyright 2007]
Open up virtually any major newspaper and you'd likely to find an article about chines economy. Now this might take the form of the article about America's trade deficit with china, or maybe it's an article about how chines demand for oil is driving up prices of gasoline in United States. But if you keep reading in those articles and you get a little bit further into it, you'd likely to read a line this says something like, "China has been grown up in remarkable fast rate for the last thirty years." It makes stop and wonder; how is it the china is growing so fast? Where is the Fundamental underlying this growth and is this stainable into the future? That's gonna to be topic of our discussion today.
We give you a brief overview of what we are gonna talk about. I'm gonna begin with the review of economic reforms in china. Then gonna discuss Chinas economic growth today and try to qualify that. Well then identify policies that that counterbuted to that growth. And finally we discuss some challenges that china must meet in order to maintain this rapid economic growth.
So beginning in October 1949 with the founding of the people republic in continuing to the early part of this decade, china has been dominated by three very powerful leaders; the ten years of which of whom characterise by very different economic policy. Under Mao Zedong for example, you have this catastrophic attempts at economic self-sufficiency, often with terrible consequences. Now Mao setup a communes in industry, and also in agriculture. And then one three year period known as "The Great Leap Forward", forty million people starve to death. Now to put that perspective that's the population of California and Oregon combined. After Mao died in 1976, Deng Xiaoping led pragmatic in experimental reforms and gradually opened up the Chines economy. Jiang Zemin then over saw this spectacular trade and investment driven growth that
Open up virtually any major newspaper and you'd likely to find an article about chines economy. Now this might take the form of the article about America's trade deficit with china, or maybe it's an article about how chines demand for oil is driving up prices of gasoline in United States. But if you keep reading in those articles and you get a little bit further into it, you'd likely to read a line this says something like, "China has been grown up in remarkable fast rate for the last thirty years." It makes stop and wonder; how is it the china is growing so fast? Where is the Fundamental underlying this growth and is this stainable into the future? That's gonna to be topic of our discussion today.
We give you a brief overview of what we are gonna talk about. I'm gonna begin with the review of economic reforms in china. Then gonna discuss Chinas economic growth today and try to qualify that. Well then identify policies that that counterbuted to that growth. And finally we discuss some challenges that china must meet in order to maintain this rapid economic growth.
So beginning in October 1949 with the founding of the people republic in continuing to the early part of this decade, china has been dominated by three very powerful leaders; the ten years of which of whom characterise by very different economic policy. Under Mao Zedong for example, you have this catastrophic attempts at economic self-sufficiency, often with terrible consequences. Now Mao setup a communes in industry, and also in agriculture. And then one three year period known as "The Great Leap Forward", forty million people starve to death. Now to put that perspective that's the population of California and Oregon combined. After Mao died in 1976, Deng Xiaoping led pragmatic in experimental reforms and gradually opened up the Chines economy. Jiang Zemin then over saw this spectacular trade and investment driven growth that