chinese reform
Two years after the death of Mao Zedong in 1976, it became apparentto many of China's leaders that economic reform was necessary. During histenure as China's premier, Mao had encouraged social movements such as theGreat Leap Forward and the Cultural Revolution which had had as their basesideologies such as serving the people and maintaining the class struggle.By 1978 "Chinese leaders were searching for a solution to serious economicproblems produced by Hua Guofeng, the man who had succeeded Mao Zedong asCCP leader after Mao's death" (Shirk 35). Hua had demonstrated a desire tocontinue the ideologically based movements of Mao. Unfortunately, thesemovements had left China in a state where "agriculture was stagnant,industrial production was low, and the people's living standards had notincreased in twenty years" (Nathan 200). This last area was particularlytroubling. While "the gross output value of industry and agricultureincreased by 810 percent and national income grew by 420 percent [between1952 and 1980] ... average individual income increased by only 100 percent"(Ma Hong quoted in Shirk 28). However, attempts at economic reform inChina were introduced not only due to so
Needless to say, that which constituted correct consciousness wasoften determined and assessed by Mao. China is fully aware of UnitedStates' concerns about its human rights record. Needless to say, exclusion from WTO would bedisastrous for any country, but particularly for an emerging market such asChina. "Bill to Restrict China's Imports Loses inHouse. But Shirk feels that, in thosepre-Tienenmen days, such a move came about also as a result of an attemptby CCP leaders to demonstrate, in a more practical and thus less obviouslyideological manner than Mao had done, their moral force. This policy--denoted the "Open Policy" (Shirk 47)--was adrastic removal from the policies of Mao Zedong and, in fact, fromcenturies of Chinese political culture. " New York Times: 10 August 1994, A7. The prospectus guaranteed a fifteenpercent annual return on investments. To be sure, the problems of the Shandong Huaneng PowerDevelopment Company and the Shanghai Stock Exchange may demonstrate onlythe problems of an immature economy.
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