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GDP per capita in China (1913–1950) After the fall of the Qing dynasty in 1912, China underwent a period of instability and disrupted economic activity. During the Nanjing decade (1927–1937), China advanced in a number of industrial sectors, in particular those related to the military, in an effort to catch up with the west and prepare for war with Japan.
For millennia, agriculture has played an important role in the Chinese economy and society. By the time the People's Republic of China was established in 1949, virtually all arable land was under cultivation; irrigation and drainage systems constructed centuries earlier and intensive farming practices already produced relatively high yields.
After 1400, Ming China's economic recovery led to high economic growth and the revival of heavy industries such as coal and iron. Industrial output reached new heights surpassing that of the Song. Unlike the Song, however, the new industrial centres were located in the south, rather than in North China, and did not have ready access to coal, a ...
One important motivator of increased international trade was China's inclusion in the World Trade Organization (WTO) on December 11, 2001, leading to reduced or eliminated tariffs on much of China's agricultural exports. Due to the resulting opening of international markets to Chinese agriculture, by 2004 the value of China's agricultural ...
The lower grade, the Elementary Agricultural Production Cooperative, operated on the principle of compensation to members based on both contributed labor and contributed capital. [42] For this reason, it was deemed "semi-socialist" – labor and its fruits were shared, but in addition there was still compensation on the basis of preexisting ...
Economy of the Song dynasty (960–1279) Economy of the Ming dynasty (1368–1644) Economy of the Qing dynasty (1644–1912) Economic history of China (1912–1949), the economic history of the Republic of China during the period when it controlled Chinese mainland from 1912 to 1949. For the economic history of the Republic of China during the ...
In view of the rapid population growth, however, this amounted to a rapid growth of the industrial sector in absolute terms, of up to 11 percent per year during the period. [ 2 ] [ 3 ] By 1977, the fraction of the workforce employed in agriculture had fallen to about 77 percent, and by 2012, to 33 percent.
The Rural Reconstruction Movement was started in China in the 1920s by Y.C. James Yen, Liang Shuming and others to revive the Chinese village.They strove for a middle way, independent of the Nationalist government but in competition with the radical revolutionary approach to the village espoused by Mao Zedong and the Chinese Communist Party.