-Current Account Surplus
-PLAN TO GROW 8% 2006-2011
-TRY TO TILT EXPANSION AWAY FROM EXPORTS -INCREASE GOVERNMENT SPENDING ON POOR
-1978-2004. PER CAPITA GDP GREW FROM $153 A $1284.
-1980 plan to transform agricultural sector
-1990 plan to transform industrial sector
-2004.- plan to liberalize banking sector
-Fixed Exchange Rate
-Third largest economy
-Rise and Decline of the Middle Kingdom. (China was the center of the world, the emperor was above and the rest of the world or non-chinese people were deemed inferior)
(Permanent Agriculture due to sophisticated techniques) (population was rural-villages)
(around 500 BC, the new emperor regain political stability for the next milenia years with a tyrannical reign and established formal system of government that linked the villages to central provinces and thence directly to the emperor)
(Mongols invaded China in 1300 and than the MANCHUS in 1644. They both reigned with a centralized hierarchy and kept China as a CLOSED civilization until the 19th century)
-1842.- Opium War against England. China lost and ceded Hong Kong to the British (was the first of what became knows as the “Unequal Treaties”.
-1908.- koumintag got to the government (KMT) with a weak power.
-1931 Japanese invade Manchuria and
-1945. Japanese surrender against a peasantery communist army lead by MAO ZEDONG.
-1949. Mao proclaimed the establishment of the PEOPLE´S REPUBLIC OF CHINA. China recoverd stability after a century of foreing invasion and internal chaos.
(first 5 years they organized and administer the worlds largest society)
(nationalized banking industry)
(1950´s rebuilt country´s railroad and boosted agricultural and industrial production)
(yet In 1958 china realized that this fast pushing forward policy was being unrealistic, agricultural and industrial was low quality and failed)