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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.
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 ...
The industrialization of China refers to the process of China undergoing various stages of industrialization and technological revolutions.The focus is on the period after the founding of the People's Republic of China where China experienced its most notable transformation from a largely agrarian country to an industrialized powerhouse.
Farmers typically back him even though the U.S. agriculture sector was one of the hardest hit during the U.S.-China trade war that Trump fought during his first administration. China targeted the ...
The relative economic status of Europe and China during most of the Qing (1644–1912 AD/CE) remains a matter of debate, [n 1] but a Great Divergence was apparent in the 19th century, [7] pushed by the Industrial and Technological Revolutions.