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Economic History Of China (1949–present)
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history. Since the PRC was founded in 1949, China has experienced a surprising and turbulent economic development process. It has experienced revolution, socialism, Maoism, and finally the gradual economic reform and fast economic growth that has characterized the post-Maoist period. The period of the Great Leap Forward famine negatively impacted the economy. The chaos of the Cultural Revolution also disrupted the economy, although the construction of the Third Front increased China's industrial development and infrastructure in its interior regions. Since the period of economic reform began in 1978, China has seen major improvements in average living standards and has ...
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Chinese Inflation
Chinese may refer to: * Something related to China * Chinese people, people identified with China, through nationality, citizenship, and/or ethnicity **Han Chinese, East Asian ethnic group native to China. **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese characters in traditional and simplified forms) *** Standard Chines ...
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Government Of China
The government of the People's Republic of China is based on a system of people's congress within the parameters of a unitary communist state, in which the ruling Chinese Communist Party (CCP) enacts its policies through people's congresses. This system is based on the principle of unified state power, in which the legislature, the National People's Congress (NPC), is constitutionally enshrined as "the highest state organ of power." As China's political system has no separation of powers, there is only one branch of government which is represented by the legislature. The CCP through the NPC enacts unified leadership, which requires that all state organs, from the Supreme People's Court to the State Council of China, are elected by, answerable to, and have no separate powers than those granted to them by the NPC. By law, all elections at all levels must adhere to the leadership of the CCP. The CCP controls appointments in all state bodies through a two-thirds majority in t ...
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Balanced Budget
A balanced budget (particularly that of a government) is a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists (the accounts "balance"). More generally, it is a budget that has no budget deficit, but could possibly have a budget surplus. A ''cyclically'' balanced budget is a budget that is not necessarily balanced year-to-year but is balanced over the economic cycle, running a surplus in boom years and running a deficit in lean years, with these offsetting over time. Balanced budgets and the associated topic of budget deficits are a contentious point within academic economics and within politics. Some economists argue that moving from a budget deficit to a balanced budget decreases interest rates, increases investment, shrinks trade deficits and helps the economy grow faster in the longer term. Other economists, especially (but not limited to) those associated with Modern Monetary Theory (MMT), downplay the need for ba ...
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Duke University Press
Duke University Press is an academic publisher and university press affiliated with Duke University. It was founded in 1921 by William T. Laprade as The Trinity College Press. (Duke University was initially called Trinity College). In 1926 Duke University Press was formally established. Ernest Seeman became the first director of DUP, followed by Henry Dwyer (1929–1944), W.T. LaPrade (1944–1951), Ashbel Brice (1951–1981), Richard Rowson (1981–1990), Larry Malley (1990–1993), Stanley Fish and Steve Cohn (1994–1998), Steve Cohn (1998–2019). Writer Dean Smith is the current director of the press. It publishes approximately 150 books annually and more than 55 academic journals, as well as five electronic collections. The company publishes primarily in the humanities and social sciences but is also particularly well known for its mathematics journals. The book publishing program includes lists in African studies, African American studies, American studies, anthrop ...
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Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ...
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Soviet Union
The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet Union, it dissolved in 1991. During its existence, it was the list of countries and dependencies by area, largest country by area, extending across Time in Russia, eleven time zones and sharing Geography of the Soviet Union#Borders and neighbors, borders with twelve countries, and the List of countries and dependencies by population, third-most populous country. An overall successor to the Russian Empire, it was nominally organized as a federal union of Republics of the Soviet Union, national republics, the largest and most populous of which was the Russian SFSR. In practice, Government of the Soviet Union, its government and Economy of the Soviet Union, economy were Soviet-type economic planning, highly centralized. As a one-party state go ...
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Military History Of The Soviet Union
The military history of the Soviet Union began in the days following the 1917 October Revolution that brought the Bolsheviks to power. In 1918 the new government formed the Red Army, which then defeated its various internal enemies in the Russian Civil War of 1917–22. The years 1918–21 saw defeats for the Red Army in the Polish–Soviet War (1919–21) and in independence wars for Estonian War of Independence, Estonia (1918–20), Latvian War of Independence, Latvia (1918–20) and Lithuanian Wars of Independence, Lithuania (1918–19). The Red Army Winter War, invaded Finland (November 1939); fought the Battles of Khalkhin Gol of May–September 1939 (together with its ally Mongolia) against Empire of Japan, Japan and its client state Manchukuo; it was deployed when the Soviet Union, in Molotov–Ribbentrop pact, agreement with Nazi Germany, took part in the invasion of Second Polish Republic, Poland in September 1939, and occupied the Baltic States (June 1940), Bessarabia (Ju ...
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Japan
Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea in the south. The Japanese archipelago consists of four major islands—Hokkaido, Honshu, Shikoku, and Kyushu—and List of islands of Japan, thousands of smaller islands, covering . Japan has a population of over 123 million as of 2025, making it the List of countries and dependencies by population, eleventh-most populous country. The capital of Japan and List of cities in Japan, its largest city is Tokyo; the Greater Tokyo Area is the List of largest cities, largest metropolitan area in the world, with more than 37 million inhabitants as of 2024. Japan is divided into 47 Prefectures of Japan, administrative prefectures and List of regions of Japan, eight traditional regions. About three-quarters of Geography of Japan, the countr ...
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Chinese Civil War
The Chinese Civil War was fought between the Kuomintang-led Nationalist government, government of the Republic of China (1912–1949), Republic of China and the forces of the Chinese Communist Party (CCP). Armed conflict continued intermittently from 1 August 1927 until Communist victory resulted in their total control over mainland China on 7 December 1949. The war is generally divided into two phases with an interlude: from August 1927 to 1937, the First United Front alliance of the KMT and CCP collapsed during the Northern Expedition, and the Nationalists controlled most of China. From 1937 to 1945, hostilities were mostly put on hold as the Second United Front fought the Second Sino-Japanese War, Japanese invasion of China with eventual help from the Allies of World War II. However, armed clashes between the groups remained common. Exacerbating the divisions within China further was the formation of the Wang Jingwei regime, a Japan-sponsored puppet government led by Wang ...
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People's Commune
The people's commune ( zh, c=, p=rénmín gōngshè) was the highest of three administrative levels in rural areas of the People's Republic of China during the period from 1958 to 1983, until they were replaced by Townships of the People's Republic of China, townships. Communes, the largest Collective farming, collective units, were divided in turn into production brigades and Production team (China), production teams. The people's commune collectivized living and working practices. Many individual homes were abolished in favour of communal residences, with many houses taken apart and demolished. Regardless of age or relationship, many men and women lived separately, and often, multiple families were placed in the same communal homes. One's land, tools, resources were pooled together, with working hours and farming practices completely dictated by the CCP. In a 1959 analysis, Arrigo Cervetto argued that the People's Communes in China represented a transitional phase toward capi ...
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South China
South China ( zh, s=, p=Huá'nán, j=jyut6 naam4) is a geographical and cultural region that covers the southernmost part of China. Its precise meaning varies with context. A notable feature of South China in comparison to the rest of China is that most of its citizens are not native speakers of Standard Chinese. Cantonese is the most common language in the region while the Hong Kong region contains the largest concentration of China's ethnic minorities. Administrative divisions Cities with urban area over one million in population Provincial capitals in bold. Namesake * South China tiger (southern China) * ''South China Morning Post'' (Hong Kong, South China) * Huanan Seafood Wholesale Market (Wuhan, Central China) * South China Normal University, a university in Guangzhou, Guangdong, China * South China Athletic Association (Hong Kong SR, China) See also * Lingnan * List of regions of China ** Northern and southern China, Southern China *** South Central China — ' ...
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Military Equipment
A military, also known collectively as armed forces, is a heavily armed, highly organized force primarily intended for warfare. Militaries are typically authorized and maintained by a sovereign state, with their members identifiable by a distinct military uniform. They may consist of one or more military branches such as an army, navy, air force, space force, marines, or coast guard. The main task of a military is usually defined as defence of their state and its interests against external armed threats. In broad usage, the terms "armed forces" and "military" are often synonymous, although in technical usage a distinction is sometimes made in which a country's armed forces may include other paramilitary forces such as armed police. Beyond warfare, the military may be employed in additional sanctioned and non-sanctioned functions within the state, including internal security threats, crowd control, promotion of political agendas, emergency services and reconstructio ...
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