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The industrialization of China refers to the process of China undergoing various stages of industrialization and technological revolutions.The focus is on the period after the founding of the People's Republic of China where China experienced its most notable transformation from a largely agrarian country to an industrialized powerhouse.
GDP per capita in China (1913–1950) After the fall of the Qing dynasty in 1912, China underwent a period of instability and disrupted economic activity. During the Nanjing decade (1927–1937), China advanced in a number of industrial sectors, in particular those related to the military, in an effort to catch up with the west and prepare for war with Japan.
Instead, efforts concentrated on research and development for purely scientific purposes. Therefore, China did not develop a broad base of industrial research and development. By 1981 only 8 percent of the total research and development work force was involved in industrial research compared to 72 percent in the United States.
At the founding of the People's Republic of China in 1949, the country was one of poorest in the world. The Great Leap Forward attempted to defy the conventional understanding of the time required for economic development. Through rapid industrialization, it aimed to close the gap between China's developmental stage and its political ...
Industrial output reached new heights surpassing that of the Song. Unlike the Song, however, the new industrial centres were located in the south, rather than in North China, and did not have ready access to coal, a factor that may have contributed to the Great Divergence. [219]
The final tally is in, and the numbers are grim: Donald Trump's huge trade deal with China — the deal he trumpeted as a "transformative" victory for the U.S. — turned out to be a massive bust.
When the Chinese Communist Party (CCP) came to power in 1949, its leaders' fundamental long-range goals were to transform China into a modern, powerful, socialist nation. In economic terms these objectives meant industrialization, improvement of living standards, narrowing of income differences, and production of modern military equipment.
The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with ...