Mapping Business Opportunities in China From pre-modern era to rise of communists.

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Presentation transcript:

Mapping Business Opportunities in China From pre-modern era to rise of communists

What Makes the Wealth of Nations ? Video 10 mins

17th century - end of Chinese global dominance For two thousands years, Chinese economy was the biggest one in the world Till 17th century when Qing Dynasty changed all that – Isolation trade policy Qing limiting the foreign trade resulted into Opium wars and the beginning of the foreign oppression.

Why did the once so powerful country lost its economic status? Population growth Backward agricultural technology Depletion of resources Extraction of all wealth from farmers What did Japanese do and Chinese didnt?

Wind of Change Major contribution to industrialization of China – National government of gen Chiang from 1927 to 1937 (Japanese invasion). Treaty port industrialization (foreigners) Manchurian industrialization (Japanese)

War and civil war ( ) In 1930s Japan already controlled Chinese Manchuria (Industrialization of Manchiria accelerated 14 percent yoy during Japanese rule) 1937 war between China and Japan broke out (Marco Polo incident) Nationalists government fled to Chongqing and established Natural Resources Commission – heavy planning and nationalization of industry Japanese also confiscated factories on their territories

Results of the war? 2/3 of Chinese modern industrial capital controlled by government (Guomingdan or Japanese) – made transition much easier for CCP Establishment of Peoples Republic of China in 1949

Establishment the People Republic of China Video 2min