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the Nationalists and the Communist forces fight a civil war for control of China.
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It resumed a year after the end of hostilities with Japan
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China's economy was suffering from the debilitating effects of decades of warfare.
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Mao Tse-tung declares the establishment of the People's Republic of China and proclaims that "the Chinese people have stood up" after 100 years of subjugation by foreign powers on China's soil.
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67.5 percent of all modern industrial enterprises were state owned, and 32.5 percent were under joint public-private ownership.
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After Mao's death, Deng Xiaoping introduces the "Open Door" policy of economic liberalization with elements of a market economy that has brought China into the global economy and led to rapid economic modernization in China.
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measuring at 8.0 Ms with strong aftershocks, some exceeding 6 Ms. Alot of damage was done. 69,197 dead & 18,222 missing
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Major natural disasters of 2008 mildly affected national economic growth but did do major damage to local and regional economies and infrastructure.
