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From pre-modern era to rise of communists

From pre-modern era to rise of communists. Mapping Business Opportunities in China. What Makes the Wealth of Nations ? Video 10 mins. 17th century - end of Chinese global dominance . For two thousands years, Chinese economy was the biggest one in the world

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From pre-modern era to rise of communists

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  1. Frompre-modernera to riseofcommunists MappingBusiness Opportunities in China

  2. What Makes the Wealth of Nations ?Video 10 mins

  3. 17th century - end ofChineseglobal dominance • Fortwo thousands years, Chinese economy was the biggest one in the world • Till 17th centurywhenQing Dynasty changed all that – Isolation trade policy • Qing limiting the foreign trade resulted into Opium wars and the beginning of the foreign oppression.

  4. Why did the once so powerful country lost its economic status? • Population growth • Backward agricultural technology • Depletion of resources • Extraction of all wealth from farmers • WhatdidJapanese do and Chinesedidnt?

  5. WindofChange • Major contribution to industrialization of China –National government of gen Chiang from 1927 to 1937 (Japanese invasion). • Treaty port industrialization (foreigners) • Manchurian industrialization (Japanese)

  6. War and civil war (1937-45-49) • In 1930s Japan already controlled Chinese Manchuria (Industrialization of Manchiria accelerated 14 percent yoy during Japanese rule) • 1937 war between China and Japan broke out (Marco Polo incident) • Nationalists government fled to Chongqing and established Natural Resources Commission – heavy planning and nationalization of industry • Japanese also confiscated factories on their territories

  7. Resultsofthewar? • 2/3 of Chinese modern industrial capital controlled by government (Guomingdan or Japanese) – made transition much easier for CCP • Establishment ofPeoples Republic ofChina in 1949

  8. Establishment the People Republic of ChinaVideo 2min

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