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The growing wealth gap can be seen as a byproduct of China's economic and social development policies. Market reforms were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the de-collectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start ...
Socialism with Chinese characteristics is the dialectical unity of the theoretical logic of scientific socialism and the historical logic of China's social development. It's scientific socialism rooted in Chinese realities, reflecting the will of Chinese people, and adapted to the requirements of China and its circumstances.
In a landmark paper published in the Review of Development Economics, economists Ravi Kanbur and Xiaobo Zhang conclude that there have been three peaks of inequality in China in the last fifty years, "coinciding with the Great Famine of the late 1950s, the Cultural Revolution of the late 1960s and 1970s, and finally the period of openness and global integration in the late 1990s."
The comprador in nineteenth century China: bridge between East and West (Harvard UP. 1970) online. Heijdra, Martin J. "The socioeconomic development of rural China during the Ming," in The Cambridge History of China Volume 8 The Ming Dynasty, 1368 - 1644, Part 2 edited by Denis Twitchett and Frederick W. Mote (1998) pp 417–578. Hung, Ho-fung.
The Harmonious Society (also known as Socialist Harmonious Society) is a socioeconomic concept in China that is recognized as a response to the increasing alleged social injustice and inequality emerging in mainland Chinese society as a result of unchecked economic growth, which has led to social conflict.
Reflected by basic concepts (group, theory, benevolence, and the golden mean). The history of Chinese sociology is the history of the formation and development of sociology in China. It is a history of self-development based on critically inheriting the rich traditional ideas in the history of Chinese social thought and introducing foreign ...
As of the end of 2019, China's SOEs represented 4.5% of the global economy. State-owned enterprises accounted for over 60% of China's market capitalization in 2019 [30] and generated 40% of China's GDP of US$15.97 trillion (101.36 trillion yuan) in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%.
In 1989 China's population was the largest in the world but its GDP was only ninth in the world, yet twenty-five years later China's economy has become the second largest after only the U.S. This major increase in economic development was not without a cost because although economic reform and globalization had brought China unprecedented ...