In current Chinese market, the socialist market economy refers to the practices of the government to maintain the market while still incorporating aspects of a socialist government. In this market, the use of both socialism and capitalism are incorporated, but not to the extent of a capitalistic ownership of the market. Resources are allocated andContinue reading “China’s Socialist Market Economy”
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Origin of Chinese Communism
In the mid-nineteenth century, China faced invasion and colonization from the powers in the West. Early wars in China, over opium trading, forced the country to sign treaties with the British Empire allowing the establishment of British ports and extradition of silver out of China. The second war, established more ports and British control ofContinue reading “Origin of Chinese Communism”
The Shaping of China
Since the originating of the Chinese civilization in the Yellow River valley, geographical conditions have helped to shape the development of the civilization. Due to the restrictive region of a flooding river and mountainous terrains surrounding the valley, only a small portion of land was fertile enough to grow crops to maintain a growing population.Continue reading “The Shaping of China”
Not Great With Words 