China economic impact Flashcards

(7 cards)

1
Q

What economic system did China adopt after the 1949 Communist victory?

A

China adopted a Soviet-style planned economy, prioritizing heavy industry and military modernization.

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2
Q

What were the effects of Mao Zedong’s Great Leap Forward and Cultural Revolution?

A

They caused economic chaos, famine, and industrial inefficiency.

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3
Q

What was the Third Front initiative?

A

It was a strategy to relocate industries inland to militarize remote regions due to fears of U.S. and Soviet threats.

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4
Q

What were the consequences of the Third Front initiative?

A

It boosted interior infrastructure but strained the economy and delayed consumer goods production.

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5
Q

What marked the beginning of China’s post-1978 reforms?

A

Deng Xiaoping’s 1978 reforms marked a pivot toward market-oriented policies.

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6
Q

How did Cold War détente influence China’s reforms?

A

The reforms were facilitated by Cold War détente, such as Nixon’s 1972 visit.

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7
Q

What was the GDP growth rate of China by the 1980s?

A

China’s GDP grew at 10% annually, setting the stage for its rise as a global economic power.

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