China economic impact Flashcards
(7 cards)
What economic system did China adopt after the 1949 Communist victory?
China adopted a Soviet-style planned economy, prioritizing heavy industry and military modernization.
What were the effects of Mao Zedong’s Great Leap Forward and Cultural Revolution?
They caused economic chaos, famine, and industrial inefficiency.
What was the Third Front initiative?
It was a strategy to relocate industries inland to militarize remote regions due to fears of U.S. and Soviet threats.
What were the consequences of the Third Front initiative?
It boosted interior infrastructure but strained the economy and delayed consumer goods production.
What marked the beginning of China’s post-1978 reforms?
Deng Xiaoping’s 1978 reforms marked a pivot toward market-oriented policies.
How did Cold War détente influence China’s reforms?
The reforms were facilitated by Cold War détente, such as Nixon’s 1972 visit.
What was the GDP growth rate of China by the 1980s?
China’s GDP grew at 10% annually, setting the stage for its rise as a global economic power.