China 's Economy Modernization And Modernization

2336 Words Apr 30th, 2016 10 Pages
Located in Eastern Asia, China is a country known for being a worldwide economic superpower that has had a communist government for several years. Beginning in 1978, China, under Deng Xiaoping’s rule, began to incorporate capitalistic ideas in the government. Deng created various reforms unlike any of the policies or reforms in prior years that began to reconstruct China’s economy through modernization and by establishment of international trade.
“Deng Xiaoping: Renovating China’s Economy, One Reform at a Time”

Located in Eastern Asia, China is a country known for being a worldwide economic superpower that has had a communist government for several years. Beginning in 1978, China, under Deng Xiaoping’s rule, began to incorporate capitalistic ideas in the government. Deng created various reforms unlike any of the policies or reforms in prior years. Deng Xiaoping began to reconstruct China’s economy by modernizing China and by establishing international trade. In the late 1930’s, the colonization of China by Japan, during the Sino-Japanese War, prevented foreign trade and modernization from taking place in China. This eventually stunted China’s economic growth (“Sino-Japanese War ...”). During the Sino-Japanese War, Japan overtook parts of China, such as Nanjing ("Sino-Japanese War ..."). Japan’s intentions were to gain territory and natural resources in order to become more advanced and industrialized ("Sino-Japanese War ..."). Japan established factories and collected…
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