EASC3 - Church of China Gap between rich and the poor Who...

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Church of China: Gap between rich and the poor Who were the winners and losers during the reform period in china? Mao yrs to the late 90s We missed a little bit of it. Doc starts in 1989. - In the days of Mao, Mao was the only voice of the Chinese people. - In 1978 China moved towards a free market. - The Chinese people are torn between Communism and Capitalism - This was all part of the reform period. - Shanghai is China’s biggest and most vibrant city. It is the most developed city in all of Asia. In the 20’s it was big now it’s coming back. - 45 Million Chinese buy and sell stocks compared to the 41 % of Americans who own stock. - China is moving towards a market economy. The government isn’t providing essentials as it used to do. So no the Chinese are starting to save for their retirement. - The problem is that people win and loose a lot in the stock market. - Without the economic reform policy, the people of China wouldn’t be able to trade stocks. - In 1949 Mao’s red army captured Beijing. The economy was destroyed because of the war. -
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This note was uploaded on 03/27/2008 for the course EASC 150g taught by Professor Rosen during the Spring '07 term at USC.

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EASC3 - Church of China Gap between rich and the poor Who...

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