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Because the Opium wars left China in debt and they had a hard time recovering.
Wiki User
∙ 14y ago
Wiki User
∙ 12y agoBecause of the rise of "Tai Ping Tien Kuo", the civil war.
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Is chinas economy good?
No it is not.
When does the economy get bad?
The economy only gets bad when a country's population shrinks, and elderly people stop working. If elderly people still work in a country with a declining population, it doesn't affects the economy.
What is the US economy like?
The United States economy is the largest national economy in the world. It is the 11th largest.
What are the key features of the post industrial economy?
A post industrial economy is one in which the importance of manufacturing decreases and that of other areas grows. Some features of a post industrial economy would be declining manufacturing, increase in the service industry, and increases in technology and creativity.
How can the economy be fixed?
To fix the economy, we have to stop spending and start saving.
Is chinas economy good?
No it is not.
Who attempted to modernize chinas economy?
Mao Zedong
Chinas fastest growing economy is facing a major challenge of?
Challenges Of WTO regime
What is disinflation?
Declining down of inflation rate in an economy.
When did the population of passenger pigeons start declining?
start of the airplane
What is negative inflation and how does it affect the Indian economy?
negative inflation mean there is decrease in thevalue of good but at slower rate.it is a situation where there is no demand in the economy as there is no supply of money in marketits not good for economy as the supplier donot find demand for their good in the market as a result they have to shut down their enterprises..and the economy growth start declining
Chinas economy is known as a what economy?
China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
What is affecting Alaska and its economy?
Declining oil reserves, high transportation and shipping costs,
Is USA a capitalist approach socialist system or a communism or a mixed economy?
The USA has a mixed economy with a considerably large, but declining, private sector.
Why did housing starts begin declining in 1987?
housing starts began slowly declining in 1987, as interest rates edged upward, and the U.S. economy began to fall into a recession.
When does the economy get bad?
The economy only gets bad when a country's population shrinks, and elderly people stop working. If elderly people still work in a country with a declining population, it doesn't affects the economy.
Have new auto sales declined due to the economy?
Yes the economy has declined the new auto sale which makes cars manufacturers suffer from from major sales declining
