Paths to Reform: The Case of the People's Republic of China

  • 221

    The Chinese Empire

    The Chinese Empire was ruled by a series of dunasties for more than 2,000 years, beginning in about 221 B.C (Plan to market 1)
  • The Communist party ruled

    The Nationalist Party which ruled the republic was overthrown by the Chinese. Communist Party, led by Mao Zedong, in 1949. (Plan to market 1)
  • Red Guard Revolution

    Young Maoists led a " Red Guard Revolution" in 1966 (Plan to Market 1)
  • Control is restored

    Control was restored to some extent in 1967 ( Plan to Market 1)
  • Mao died

    Mao died in 1976 (Plan to Market 1)
  • China's Transtion to Market Economy

    China's transition to market-based economy began in 1978 (Plan to Market 1)
  • Agriculture increases

    Between 1981 and 1984, agriculture grew by about 10 percent per year. (Plan to Market 1)
  • Reforms spread to Urban areas

    By 1984 reforms had spread to urban areas. (Plan to Market 1)
  • Small firms are responable

    Small firms, many privately owned, have been responsible for much of China's economic growth since 1990 (plan to market 1)
  • New Tax Reform

    In 1995 the Chinese government insituted a tax reform program designed to raise new revenue to address future problems. (Plan to Market 1)
  • State firms accounted

    In 1995, state-owned firms accounted for 40 percent of china's gross industrial output, down from 66 percent in 1985. ( Plan to Market 1)