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political change
the Nationalists and the Communist forces fight a civil war for control of China. -
Second Phase Chinese Civil War
It resumed a year after the end of hostilities with Japan -
Recovery from war
China's economy was suffering from the debilitating effects of decades of warfare. -
Peoples Republic
Mao Tse-tung declares the establishment of the People's Republic of China and proclaims that "the Chinese people have stood up" after 100 years of subjugation by foreign powers on China's soil. -
No privately owned firms remained.
67.5 percent of all modern industrial enterprises were state owned, and 32.5 percent were under joint public-private ownership. -
China upgraded
After Mao's death, Deng Xiaoping introduces the "Open Door" policy of economic liberalization with elements of a market economy that has brought China into the global economy and led to rapid economic modernization in China. -
Sichuan earthquake
measuring at 8.0 Ms with strong aftershocks, some exceeding 6 Ms. Alot of damage was done. 69,197 dead & 18,222 missing -
Economic & physical damage
Major natural disasters of 2008 mildly affected national economic growth but did do major damage to local and regional economies and infrastructure.
