Capitalism in China

Timeline created by chinagroup
  • Mao induces collective farming

    Mao induces collective farming
    After 40 million famine deaths collective farming was dispanded in 1982.
  • Great Leap Forward

    Great Leap Forward
    Mao Starts Great Leap Forward. The Great Leap Forward was a the mass mobilisation of labour to improve agricultural and industrial production.
  • China And USA Team for Cold War

    China And USA Team for Cold War
    Nixon visits Bejing, China views US as ally in Cold War.
  • Goal of Socialism

    Goal of Socialism
    Economic Modernizer Hua Guofeng has goal of saving socialism in china, to be brought down by his succesor, Chen Yun in 1978.
  • Mao dies

    Before his death in 1976, Mao tried to build relations with the United States, Japan and Europe.
  • Chen Yun & Deng Xiaoping in Power

    Chen Yun & Deng Xiaoping in Power
    Chen Yun & Deng Xiaoping come to power, and are assigned to create an Economic Reform Program.
  • End of "The Leap Outward"

    Called off due to leadership change and defects.
  • Raised Prices

    Raised Prices
    Government raises purchasing price for grains by over 20%.
  • Nation Revokes Private Farming Ban

    Nation Revokes Private Farming Ban
    After Millions of famine deaths, the ban on private farming is lifted.
  • Student Movement

    Student Movement
    Student led movements on Tiananmen Square, was designed to cause deeps splits in the rapidly changing chinese government.
  • Reginal Competition

    Reginal competition becomes main force in booming Chinese economy.
  • China changes from Market Socialism to a Social Market Economy

    China changes from Market Socialism to a Social Market Economy
    Since cheap labor is running out in China the citizens have been encouraged to spend money instead of save. However now they are expecting higher pay and better quaility products.
  • China Joins World Trade Organization

    China Joins World Trade Organization
  • Global Recession

    Global Recession
    Communist China may be profitting more in global recession than Democratic America.
  • Works Cited

    "China: A Capitalist Nation?" China: A Capitalist Nation? N.p., n.d. Web. 30 Sept. 2013. "Cato Policy Report." Cato Institute. N.p., n.d. Web. 02 Oct. 2013. BBC News. BBC, n.d. Web. 08 Oct. 2013.
    "ESL HitchHiker." ESL HitchHiker. N.p., n.d. Web. 02 Oct. 2013.
  • China Becomes Largest Economy

    China Becomes Largest Economy
    It is predicted at the rate Chinas economy is growing that will be the largest on earth by 2015.