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CHAPTER 8Economy
C O N T E N T SChinas Economy: Past and PresentChinas Three Major IndustriesIIIChinas EconomicDevelopmentIIIChinas Economy and the World EconomyIVChinas Banking SystemV
IChinas Economy: Past and Present
economicAfter 40 years of reform and opening up, China has established a successful socialist market economic system.
123Historical Changes of the Chinese EconomyThe Current State of China’s EconomyThe Natural Conditions of Chinas Economic Development4Basic Policies and Systems of the Chinese economy
0102From 1953 to 2015, 12 successive “five-year plans”. since 1978, the reform and opening-up 03In the 21st century, China’s economy has continued to grow steadily and rapidly.
Historical Changes of the Chinese Economy1three major periodsfour important turning pointsthe period of the Chinese empireRepublic of Chinathe People’s Republic of Chinathe 14th centurythe Opium War in the 19th centurythe founding of the PRCthe reform and opening-up
Ancient Economic Achievementsby the 13th century, Chinese agriculture had become the most refined and productive in the world. Chinese industry developed greatly in the Han and Tang dynasties, and reached its peak in the Song Dynasty.
Modern Economic StagnationAfter the 14th century, China’s leading position in science, technology and institutions began to fade. since the Opium War of 1840 until the founding of the People’s Republic of China in 1949, China experienced various wars and a stagnant economy.
The Period of the People’s Republic of Chinaeconomic recovery (1949—1952).the implementation of the first five-year plan.from 1958 to 1965from 1966 to 1976the period of development after the economic reform and opening-up since 1978.
The Current State of Chinas Economy2the second largest in the world “Made in China”
The Natural Conditions of Chinas Economic Development3distinctive featuresvast territorya long coastline as well as long land boundariesreserves of key resources,
Basic Policies and Systems of the C
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