CHINA SHAKES THE WORLD x BOOK SUMMARY
In China Shakes the World, James Kynge gives a history and explanation of the Chinese economy. Kynge started writing the book in 2004 and it was published in 2006. The book is like a biography, giving experiences around 1982 when Kynge was a student at the Shandong University. It gives a detailed explanation of economic activities by China in the regions of Germany, Italy, China, and even the United States Midwest. The book sarts with a still mill-Thyssen Krupp in Dortmund, Germany. The steel mill once employed nearly ten thousand people, but it was closed later. At first, it was one of Germany's largest steel mills. However, a Chinese steel company bought the mill and dismantled it, shipped
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When that time comes, you will see that this purchase was good. Even more surprising is that the steel mill was purchased by paying its price in scrap for 10 million dolars. Transportation cost is 12 million dollars, and reconstruction is 1.2 million dollars. The owner says the plant will be able to squeeze from it 3 million more tons of annual output than the Germans. Besides, it has the technology to support the car industry with steel they need. Another point to be focused on that chinese companies acquiring equipment or technology in the industrialised world are somehow agents of communist government, and they get loan from the state banks that they never have to pay back. China history after the death of Mao ZEDONG has changed considerably. DENG after MAO, has changed the way industry and agriculture were done in the nation. In Mao era, farmers was handing over their crops to the commune, but in Deng era and later, farmers could reap the harvest of their labors. On the other hand ,those in the industrial business began to establish companies that were socialist and state-owned on paper but capitalist and privately owned in reality. The willingness of local officals to obey Beijing was therefore a crucial ingredient in the free-market reforms of the 1980s. So, from this angle, DENG was willing to keep moving on the industrial
While Deng Xiaoping was in power, Deng reformed the education system and changed the Chinese culture to value education rather than view education as nonessential. Deng created advanced levels each year, and enforced education in all social classes (Chen). In 1988, the net enrollment and attendance rate in China for boys was approximately 98% and the rate for girls was approximately 92% (Education statistics: China). This new education system prepared Chinese citizens to contribute to the modernization of China. More people had become educated in subjects that were essential for coming up with new ideas and technological developments for China. Educated people helped expand industries and improve the economy. Also, since China’s workforce was made up of skilled workers who had more incentive to work, each industry in China was succeeding, and China’s economy thrived. However, Deng did not only restructure the education system. Deng also made many reforms to the agriculture industry, such as when Deng allowed for the privatization of farms. “Between 1978 and 1984 the per capita income in the countryside almost doubled”, meaning that farmers were making twice the amount of money they had made before Deng became the leader of China (Schoppa). Refining and modernizing the agriculture industry was very important. Under Deng’s rule, farmers could make the maximum
Many factors such as, growing liberalization, economic disparities, and inflations. led to the protests. During Mao Ze Dong's leadership, the Chinese government collectivized industries and agriculture. After his death, his successor Deng Xiao Ping implemented the Gai Ge Kai Fang policy, de-collectivizing industries and agriculture. (Huenemann 2017) This policy also allowed citizens greater freedom. Some academics even received encouragement from the government to take an active political stance. (The Editors of Encyclopædia Britannica) Following the privatization of agriculture and industries, China experienced great economic growth. Unfortunately, this also caused the rate of corruption, and economic disparities to surge. China also experienced price inflations as it
In 1949 china was under the expression of a communist state. The regime of china was set up in similarity to the regime of Vladimir Lenin in the Soviet Union. Mao Zedong was part of the communist party. He followed the vision of Karl Marx, by envisioning a society under his regime that all shared equal prosperity and communism. In order to bring this vision to reality, he wanted to eliminate all capitalism and its emphasis on property rights, profits, and free-market competition. In the 1950’s in the rural of china, Mao banned free markets, which involved peasants selling farm products. However the trade of capitalism still existed through the private enterprise of remnants. Mao was dissatisfied with the outcomes towards an economy of Marxism. So he strived for a stronger approach by coming up with the Great Leap Forward. However, after the intense economic development that china had suffered from the great leap forward, it left millions of individuals throughout china suffering from the masses and deaths from the collapse of the food system. Because of the major consequences that were suffered from this approach it was unable to be left unnoticed. So, in 1960 after Moa Zedong declined all responsibility towards the disaster from the Great Leap Forward, Lui Shao-chi and Deng Xiaoping were left to rectify and administer the crisis. However, their attempt to repair the economic damages towards china, only led to the reverse of Mao’s earlier policies. That were
As many other countries around the world China has its long history of a struggle for equality and prosperity against tyrants and dictatorships. The establishment of People’s Republic of China in 1949 seemed to have put an end to that struggle for a better life. “The Chinese people have stood up!” declared Mao Tse-tung, the chairman of China’s Communist Party (CPP) – a leading political force in the country for the time. The people were defined as a coalition of four social classes: the workers, the peasants, the petite bourgeoisie and the national-capitalists. The four classes were to be led buy the CPP, as the leader of the working class.
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.
This paper aims to find out the differences between the developmental strategies of Mao Zedong and Deng Xiaoping. Mao Zedong and Deng Xiaoping are important characters of China's history. Both great leaders and both tried to bring about reform with China. In addition, through the facts that society in China has been changing in recent decades, evaluate the achievements of each in the contribution to economic and social development of China.
The China Boom: Why China Will Not Rule the World, by Ho-fung Hung. New York: Columbia University Press, 2016.
China's transition from the leadership under the iron fist of Mao Zedong to the more liberal Deng Xiao Ping gave the People's Republic a gradual increase in economic freedom while maintaining political stability. During Mao's regime, the country focused on bolstering and serving the community, while subsequently encumbering individual growth and prosperity. Deng advocated a more capitalist economic ideology, which established China as an economic force in the global community while endowing its citizens with more liberties and luxuries than previously granted.
Communism is a system of government, a political ideology that rejects private ownership and promotes a classless, stateless society based on common ownership of all property and the means of production, where by all work is shared and all proceeds are commonly owned. Communism is practised in China, North Korea, Vietnam, Laos and Cuba. However most of the world’s communist governments have been disbanded since the end of World War II. Soon after the Japanese surrendered at the end of World War II, Communist forces began a war against the Kuomintang in China. The Communists gradually gained control of the country and on the 1st October, 1949, Mao Zedong announced the victory of the Communist party and the establishment of the People's
Feeling this was not enough to boost the economic up, Deng loaned money from IMF and the World Bank “to upgrade machinery and establish new manufacturing and industrial development” (Benson, 48). He opened a total of five towns and villages as SEZs and allowed foreign investors to build factories and hire Chinese to work for them. It might not be the best way to reform the economic as a whole, but it played an important role because it benefited the Chinese workers, the investors, and the Chinese government. During the 1980s, Deng promoted the “open door” policy to encourage foreign investment and to trade with the world. China needed larger quantities of raw materials to fuel its industrial growth so they signed contracts for minerals, timer, and so forth. It had not only provided China with raw materials that were needed, but also improved the relations with other neighbor counties and the US.
This chapter highlights how global trade as well as regional trade affected different economies, countries and even individuals, in different ways. The first example of this is the Fujian trade diaspora, from the Southeast coast of China. This system focused on economic gain by spreading out across the world, traveling, and accumulating wealth while traveling. If successful, the individual was often rewarded upon their return home. The Chinese tribute system on the other hand, while still somewhat focused on economic gain, was centered more so around political as well as social gain. Often times in this system, traders would find themselves at a slight net positive, or net even, due to the
This paper was prepared for GD530 Economics and the International System, taught by Professor Snow
China in the 21st Century written by Jeffery N. Wasserstrom was published in 2010 with the purpose to clear up the misconceptions that many Westerners have towards China. Wasserstrom adds insights of each issue revealing the truth providing readers with a basic knowledge of China. Jeffery N. Wasserstrom is one of the writers/ scholars on China today. He is a specialist in Chinese History in a wide range of topics ranging from the globalization affects urban life to popular culture to American views of Asia. He has also published several books on the topics of China (Wasserstrom).
In the current anarchic world, The United States acts as the global hegemon. However, China’s recent rise to power has lead international relations experts, Ikenberry, Mearsheimer, Subramanian, and Friedberg, to predict an upcoming power shift in the international system. China’s increasing control over the Asia-Pacific region has threatened U.S. power. According to Waltz, the realism paradigm interprets the anarchic structure of the international community, as a constant power struggle. Although each country may be different, to survive, they must all strive for power. Under the liberalism paradigm, the system is still anarchical but cooperation may be achieved by shared norms, and aligned political and economical interests.
The ongoing economic rise in China effects the US in many ways, including things that some people wouldn’t even consider. It can be seen that the Chinese are beginning to need more jobs, but can that be because some of theirs are being given to us? And, that’s not the only thing they’re giving us. China has the proven to be worst pollution in the world, and it has gotten to the point where the polluted air has travelled overseas to the US, and has begun to take a toll on us. But, they’re not only giving to us. Because of it becoming harder to find jobs, the students push themselves to the limit to become perfect, which could create competition with graduates here in America.