GEOG 3600 Lecture Notes - Lecture 5: Deng Xiaoping, Nantong, Household-Responsibility System
16 Dec 2015
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Document Summary
From the earliest dynasties, china"s economy centered on agriculture. China"s economy has long involved and eluded state planning in mao"s era were equally poor . When deng xiaoping started the economic reform in 1978, chinese: low salary (rmb 40 yuan per month for workers) Deng launched an economic reform program with the motto of letting some people get rich first . After 35-years reform and development, chinese society has become moderately affluent (xiao kang), but economically unequal. In 1949, mao found himself taking over an economy poorly adapted to modernization. In cities, mao"s first order of business was bring down high inflation and reestablish production and distribution of manufactured goods. Mao launched the first five-year plan (fyp 1953-1957) a copy of the. Soviet industrialization strategy, focusing on the development of some key capital-intensive industries, like iron and steel, railroad trains, agricultural equipment. The 1st fyp was a great success with the economy growing at an average annual rate of 8. 5%
