The economic history of the People's Republic of China
Hartford Web Publishing is not the author of the documents in
World History Archives and does not
presume to validate their accuracy or authenticity nor to
release their copyright.
- Political and Economic Situation in China on
the 9th Anniversary of June Fourth
- By Zhang Kai, October Review, 31 December
1997. It is nine years since June 4th of 1989. Despite the
official propaganda about China's high growth rate and
political stability, unrest has been on the rise. The 15th
National Congress of the Communist Party of China (CPC)
decided on speeding up the economic reform, in particular
the reform of state-owned enterprises.
- Home improvement boom in China
- Asia Times, 11 June 1999. Statistics from the
Ministry of Construction indicate that the business volume
of interior renovation and decoration registered a hectic 50
percent year-on-year rise in 1998. This growth is
attributable to the high-speed development of the national
economy, and improved living standards of the people.
- Supply-side economics Chinese-style
- Editorial, Asia Times, 20 August
1999. Deflation in China is severe. Since deflation is
highly debilitating in its effects on the economy (high real
interest rates, depressed earnings), China's economic
leaders are certainly right in having assigned the fight
against it the highest priority. What's troubling are
the types of measures being instituted to combat it.
- China becomes world's fifth largest oil
- Asia Times, 11 September 1999. Petroleum and
gas use now account for over 20 percent of China's
energy consumption, compared to merely 0.07 percent in
1949. China's oil sector started from scratch when the
country's first large-sized oilfield was discovered in
Karamay, in northwest China's Xinjiang Uygur Autonomous
Region, in 1956.
- China seeks urbanisation as a way to boost
- By Mary Kwang, The Straits Times, 29
September 2000. As consumption demand increases and
tertiary services grow creating jobs for rural labour, it
is expected nation's competitiveness will
improve. China, which suffered a dramatic fall in the
latest global competitiveness rankings, sees further
urbanisation as a major strategy to modernise and
strengthen the economy.
- As Others Debate and Hesitate, China Embraces
- By Antoaneta Bezlova, IPS, 15 November 2000. Guangming
Daily extolled the miraculous new crops as a viable shortcut
to stable food supplies and national prosperity for a
country that struggles to feed a fifth of the world's
population on one-seventh of the world&s arable
land. This proclamation demonstrates China's positive
outlook on controversial genetic crops.
- Chinese Economy to Reach US$10 Trillion in 15
- China News Digest, 8 February 2001. An
economist of the Morgan Stanley Dean Witter, predicted that
the Chinese economy could cross the US$10 trillion mark
within 15 years, as a result of current restructuring
programs and the implementation of institutions that support
the market economy.
We believe that China's
restructuring is real and is greatly facilitated by the
application of information technology.