Within 50 years, from 1949 to the end of the 20th century, the People 's Republic of China has gone from a poor, isolated, under-developed, overpopulated country to one of the biggest economies and most powerful countries in the world. That 50-year journey was long, difficult and different at various periods for the people of China. To elaborate, contradicted to the fact that the Communist Party of China has been the one dominant political regime, China has witnessed many changes within the leadership. Those changes left many significant marks in modern Chinese history. However, the biggest change of all the changes is the plan that build the Chinese economy of today- the “Four Modernization”. Indeed, the “Four Modernizations” was a pivotal
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This led to the famous Deng Xiaoping quote: “It doesn 't matter whether the cat is black or white- so long as it catches the mice.” My interpretation of the quote is that no matter what is a ideology behind an economy, as long as it is working, everyone is spending and it generates a healthy middle class, that economy is working …show more content…
Since the birth of the PLC, coal mining had been the one of the most productive and popular industries in China. However, different to other countries that mine coal for manufacturing or exporting purposes, China needed coal to power the country. In the year of 1957, which was the last year of the First Five Year Plan under the Mao leadership, the coal production was still eight percent short from the nation’s total energy need. And even though, alternative energy source like petroleum was rapidly developed, coal still remained as the main energy for the nation. According to Naik, the reason for the production shortage was:
Factories were owned by the state which in practice meant ownership by a large bureaucracy of central or provincial government ministries. Factory managers reacted passively to instructions from that bureaucracy which dictated what to produce and where to send. Therefore, to remedy the issues, industrial reform used a combination of two approaches: “reform within the context of state ownership” and “encouragement of private and collective ownership
This led to the famous Deng Xiaoping quote: “It doesn 't matter whether the cat is black or white- so long as it catches the mice.” My interpretation of the quote is that no matter what is a ideology behind an economy, as long as it is working, everyone is spending and it generates a healthy middle class, that economy is working …show more content…
Since the birth of the PLC, coal mining had been the one of the most productive and popular industries in China. However, different to other countries that mine coal for manufacturing or exporting purposes, China needed coal to power the country. In the year of 1957, which was the last year of the First Five Year Plan under the Mao leadership, the coal production was still eight percent short from the nation’s total energy need. And even though, alternative energy source like petroleum was rapidly developed, coal still remained as the main energy for the nation. According to Naik, the reason for the production shortage was:
Factories were owned by the state which in practice meant ownership by a large bureaucracy of central or provincial government ministries. Factory managers reacted passively to instructions from that bureaucracy which dictated what to produce and where to send. Therefore, to remedy the issues, industrial reform used a combination of two approaches: “reform within the context of state ownership” and “encouragement of private and collective ownership