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221
The Chinese Empire
The Chinese Empire was ruled by a series of dunasties for more than 2,000 years, beginning in about 221 B.C (Plan to market 1) -
The Communist party ruled
The Nationalist Party which ruled the republic was overthrown by the Chinese. Communist Party, led by Mao Zedong, in 1949. (Plan to market 1) -
Red Guard Revolution
Young Maoists led a " Red Guard Revolution" in 1966 (Plan to Market 1) -
Control is restored
Control was restored to some extent in 1967 ( Plan to Market 1) -
Mao died
Mao died in 1976 (Plan to Market 1) -
China's Transtion to Market Economy
China's transition to market-based economy began in 1978 (Plan to Market 1) -
Agriculture increases
Between 1981 and 1984, agriculture grew by about 10 percent per year. (Plan to Market 1) -
Reforms spread to Urban areas
By 1984 reforms had spread to urban areas. (Plan to Market 1) -
Small firms are responable
Small firms, many privately owned, have been responsible for much of China's economic growth since 1990 (plan to market 1) -
New Tax Reform
In 1995 the Chinese government insituted a tax reform program designed to raise new revenue to address future problems. (Plan to Market 1) -
State firms accounted
In 1995, state-owned firms accounted for 40 percent of china's gross industrial output, down from 66 percent in 1985. ( Plan to Market 1)