1. Zhuang Rui, UIBE 111
China’s Economy:
Developments and Problems
Professor Zhuang Rui
UIBE
1
2. Zhuang Rui, UIBE 22
China’s Economy:
Developments and Problems
I. Chinese Economic Reform and Open
II. Achievements and Social Evolution
III. Some problems
3. Zhuang Rui, UIBE 33
I. Economic Reform and Open
Mao’s Era (1950s-1970s)
Deng’s Era (1980s-1990s)
Jiang (1992-2002) and Hu (2002-2012)
Xi (2012-)
4. Zhuang Rui, UIBE 44
I. Economic Reform and Open
Mao’s Era (1950s-1970s)
Soviet-Style Economic
Management System
( Planned Economy )
5. Zhuang Rui, UIBE 55
I. Economic Reform and Open
Deng’s Era (1980s-1990s)
---Economic Reform:
( Planned Economy --- Market Economy )
---Open Policy:
( Foreign trade; FDI; SEZ )
6. Zhuang Rui, UIBE 66
Jiang (1989-2002) and Hu (2002-2012)
Inherited “Deng XiaoPing Theory”
Reform and open policy is going
on, more deeply and broadly
Hu:
---Scientific concept of development
---Harmony Society / World
Xi: Urbanization
7. Zhuang Rui, UIBE 7
II. Achievements
GDP: 9.5% per year (1980-1990s average)
From 2001-2007, China's GDP grew by
10.5% every year.
2008: 9% 2009: 8.7%
2010: 10.3% 2011: 9.2%
2012: 7.8% 2013: 7.7%
2014: 7.4% 2015: 6.9%
8. Zhuang Rui, UIBE 888
Achievements
Thirty years of reform and opening up have
brought about historic changes in China's
development -- the planned economic
system has been smashed gradually and a
market economic system has basically
shaped up, creating a rocketing economy
that is now the second largest in the world.
( By GDP2007, US Japan Germany China)
( By GDP2010, US China Japan)
9. Zhuang Rui, UIBE 9
Achievements
The World Bank hailed China's
reform and opening-up drive as the
largest poverty reduction campaign
ever launched in world history.
China was particularly recognized for
reducing the number of rural people
in abject poverty.
11. Zhuang Rui, UIBE 1111
III. Some problems
Chinese population: 1.3 bln
(70% rural + 30% urban)
Rural Area = 900 mln peasants
Income Gap
Employment
Environmental damage
