Economy of the People's Republic of China

The Communist party is the one party in control currently, created in 1921 the communist party of china finally accepted the people’s republic of china in 1949 after years of armed struggle. The Party's 85-million membership makes it the largest political party on earth. Every important choice affecting China is first debated and permitted by a handful of men who sit on the party's Political Bureau or Politburo which is the nexus of all rule in this land of 1.3 billion. The 25-member Politburo…

There is but one china, and Taiwan is a part of China.” This statement, otherwise known as the One China Policy is absolutely correct. Today, China is a country divided into two separate governments; Taiwan which is governed by the Republic of China, and the mainland which is governed by The Peoples Republic of China (cfr.org, Michal Roberge and Youkyoung Lee). Here lies the problem; each government claims that they are the true China! To fully understand this highly controversial dilemma, one…

Modern China in the 21st century. The present century has been characterized by the Australian Government as the “Asian Century” due to the nation’s global economic prevalence. Considering the long term trends, this can be attributed to the countries erratic political transformations; principally the economic consequences of the nation’s Imperial collapse produced by European globalization that lead to Mao Zedong’s Communist revolution as well as the economic industrialisation that opened China…

Introduction: China is an economic giant that has shaped the overall economic structure of the world. The traditional culture of China has also allowed for the unique system that China has. The Chinese government invests a significant portion of its money. The huge working class is a very strong asset for Chinese businesses. Because of the influence of Capitalism on the Communist country, China’s economic system allows for the existence of monopolies. China’s economy is more successful than…

The Soviet Union and the People’s Republic of China are two paramount examples of Communism in history. Communism is the political thought that focuses on the emancipation of the proletarian class. The communist ideas officially started with Karl Marx and Fredrich Engles when the two political thinkers released The Communist Manifesto.1 In this writing, the two outlined the idea of Communism, which was the complete equality between the people, it also illustrated the trials and tribulations of…

Since the late 1970s, China has experienced unprecedented economic growth and development. Established in 1949, the People’s Republic of China, under the governance of Mao Zedong and the Chinese Communist Party (CCP) set forth to achieve national unity, social and economic change and freedom from foreign interference (Cienciala, 1999). Mao’s economy was established by 1952, and was a socialist, command economy (Mitter, 2008). Started on the simple principle frequently stated by Deng Xiaoping,…

Introduction: The global economy is one that is directly impacted by Earth’s biodiversity derived from its rich and varied environments. The locations of each region correlate to the resources and products that are able to be produced, distributed, and exported. Throughout history, humans have established societies and civilizations around these resources unique to their own location and trading patterns. The nation of China has been heavily influenced by their location, regional environment,…

change how China’s political and economic systems work. Today, China is one of the world’s most powerful nations. They dominate the world’s economy because of the political and economic foundations that Mao Zedong laid down during the Communist revolutions that he led as leader of The People’s Republic of China. Mao Zedong was born into a village in the Hunan Mountains, a mountain range west of Shanghai in central provinces of China, in the year 1893. Working as a peasant farmer, he saw the…

technology, and education. These countries were the first to transform from a developing nation into a newly industrialized nation (Cateora, 327). These regions, also known as the “East Asian miracles”, highly influenced the creation of China’s economy and trade relations. The four Asian Tigers’ economic boost and trade alliances, motivated the U.S. Trade Representative to develop a free trade agreement. Singapore and South Korea were the first to consent to the U.S. Trade Representative's offer…

The political and economic turmoil facing China in the decades leading up to the reform era created a climate that lent itself to the essential economic reforms. Sharing much of the Stalinist vision of rapid industrialisation, Mao Zedong invented his own version of a more radical approach to modernisation. Mao’s original plan of a gradual transition to socialism was abandoned in favour of the completion by 1956 of a ‘socialist transformation of agriculture, industry, commerce and handicrafts’…