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How does China's government influence their economy?
# i like donuts # i like donuts
Why is mining important?
Mining is important because without it, there wouldn't be many resources that make up, or made up our economy. Coal, for instance, is a mined substance and is still a common source of fuel. Salt is another example of a mined substance.
How far has China evolved into a market economy?
When the People's Republic of China was first established in 1949, it maintained a carefully planned centralized command economy, similar to many other communist states at the time. In a command economy, the government of China directed and controlled the majority of the economic progress, setting production goals, price limits, and controlling resources. However, in 1978, Den Xiaoping took over as Chairman after Mao Zedong's death. Xiaoping instigated many economic reforms in China, initially targeting the agrarian market. For the first time since the state's establishment, farmers were allowed to sell their produce in the free market for their own monetary gain and at their own prices. During the 1980's, Xiaoping's reforms continued to transform China's economy. Several changes were made in order to attract more foreign investments, and the government made an enormous effort to reach the ideal "more export than import" trade imbalance. Agricultural exports more than doubled, and tariffs were lowered to allow the importation of high-end technology from foreign markets. A major reform was enacted in the middle of the 1980's when the government opted to eliminate many of the state-controlled prices on a variety of products. This gave China a considerable push in the direction of a free market economy. Many economists, however, contend that China has not yet reached the full definition of a market economy. In 1993, Beijing's leaders approved another long-term reform that allowed the state to continue to dominate many key industries in China. Because of this, economists have coined the term "socialist market economy" to describe China.
What type of economy does Mongolia have?
Farming and pastoralism (keeping herds of animals) have traditionally been important parts of Mongolia's economy. Mining of coal, tin, copper, and other materials has contributed to the economy in recent decades.
Which countries have a market economy?
Almost every country has a market economy; North Korea still has a command economy. WRONG^^ U.S. is rumored to be a market economy, but there are not pure market economy.
What is the difference between Taiwan and china's economy?
taiwan's economy is already developed, china is still proving~
Why do many people in china not have cars?
China is still in a state of transition from a mostly poor, agrarian economy to a modern industrial economy.
Do china still used mixed economy system?
yes
Does taoism still exist today?
Yes, it is still practiced in the rural areas of China, as well as other places.
How long would it take for China's economy to catch up to Japan's economy?
40 years. But at that time, Japan has probably moved up, so China will still be behind.
Why does socialism work for China?
In today's China, the old form of socialism, meaning total ownership of the means of production, has slowly been eroded. The Chinese Communist Party still controls the politics and economy of China, however, parts of China's economy have been changed to a more mixed economy. I emphasize "parts". One example of a non socialist China is the stock exchange in Shanghai.
What is the significant of barter?
In barter economy, commodities were exchanged in the market. It was before the evolution of currency system that barter economy existed. Even today, in remote rural areas of India, the barter system still exists.
When was Rural Still Life created?
Rural Still Life was created in 1968.
Why is it important to learn Chinese?
The Chinese have the worlds largest economy and it's still growing.
How does the culture in urban China compare with the culture in rural China?
Urban centers are more modern than the rural areas. People living in these urban areas still practice many Chinese cultural traditions, but the modern ways tend to crowd them out. Many of these modern ideas come from the West. The parts of China that most resemble the United States or Europe are the urban areas.
Why is it important to buy New Zealand made?
to support our economy and make sure we still have jobs.
Did WW1 improve the Chinese economy?
No it didn't. The economic impact on China of WW I was negligible, as China did not take part and did relatively little trade with the West. The 'global economy' and Chinese political, financial and economic involvement in the rest of the world were still many decades away.
