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China

The Chinese have long since been an enterprising group of people. Long

before the introduction of Western technologies and ideas, this country has had a

history of local industry dating back some 2000 years. These innovative people,

from an early time, produced paper, gunpowder, and silk, and printing with one of

the first movable type. In all, the manufacture of luxury items, fine handcrafts,

metal crafting and the manufacture of tools were all well established businesses

long before the onset of western entrepreneurs. (Compton’s Interactive).

One of the first goals of the Communists, after 1949, was to develop the

growth of heavy industry. The practice, following the model of the Soviet Union.

They attempted to attract industrial development in the interior sections of China.

The thought here was that there was already significant wealth in the old treaty

port cities. New steel mills were constructed at Wuhan on the Yangtze and at

Baotou in the Interior Mangolia. Other interior cities also grew at a rapid pace.

The communists took advantage, as well, of coastal cities, such as Shanghai.

Shanghai and the like were attractive due to

. . .
Steel made in these areas was used by the

Russians to begin building railroads and factories in the northeast, at the turn of

the century. Thus changing the unemployment situation in China. China boasts some 1635 thousand newspaper with a combined circulating in

excess of 125 million. 7 billion kilowatt hours,

which the Chinese still find insufficient to meet their needs. It imports about

104 billion dollars. China spends much time

concentrating on industrial planning.

During what the Chinese called “The Great Leap Forward”, there were

large investments in heavy industry.

Farming and agriculture are important elements in China.

The taxes levied against them by the imperial government caused very little profit

to be made. With one son educated at Yale and another at

Harvard, banking would change dramatically upon their return to China. The construction of these

railroad were the necessary “missing link” needed to speed up delivery of goods

as well as those headed for the coastal areas for international transport in China. Because of China’s geologic diversity, it possesses a wide

variety of mineral resources. These areas provided skilled labor and swift access to international

markets. China has nearly all of it

cultivated land irrigated.

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