Industrialization and Technological Progress

Rongxing Guo ()

Chapter 9 in How the Chinese Economy Works, 2009, pp 212-237 from Palgrave Macmillan

Abstract: Abstract Before the foundation of the PRC in 1949 China had been a typical agrarian society, with more than 90 percent of its population living in rural areas. Thereafter, the Chinese government abandoned the old political and economic systems through the socialist transformation of the capitalist industry and commerce. Between 1949 and 1956, some 123,000 capitalist enterprises were transformed into 87,900 industrial units under joint state-private ownership and, at the same time, many small workshops run by individual laborers were reorganized as collectives (Liao, 1982, p. 130).

Keywords: Chinese Government; Technological Progress; Heavy Industry; Industrial Output; Chinese Economy (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24568-6_9

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DOI: 10.1057/9780230245686_9

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