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Economy
History of China
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| | 1934 | Kai-Shek, Chiang | |
| The Bank of China announces that a farmer's income accounts for 80% of his subsistence |
| 1953 | Tse-Tung, Mao | |
| The communist party launches the first five-year plan with the aims of industrialization, collectivization of agriculture, and political centralization |
| 1958 | Tse-Tung, Mao | |
| Mao launches the "Great Leap Forward" (mass mobilization and collectivization of the farms to increase crop production and steel production |
| 1961 | Tse-Tung, Mao | |
| Communes are reorganised into "production brigades" after poor harvests in 1959-61 |
| 1975 | En-Lai, Chou | |
| Chou En-Lai, at the fourth Congress , outlines a program of Four Modernizations (agriculture, industry, army, science) |
| 1977 | Xiaoping, Deng | |
| Promotes a policy of economic liberalization |
| 1978 | Xiaoping, Deng | |
| The Plenum of the 11th Party Congress ushers in capitalist-style economic reform |
| 1981 | Xiaoping, Deng | |
| Deng Xiaoping seizes power and launches pseudo-capitalistic economic reforms |
| 1981 | Yaobang, Hu | |
| The Communist Party formally condemns Mao for the economic disasters from 1957 till his death |
| 1984 | Ziyang, Zhao | |
| 10th Feb Russia & China sign a $1.2 billion trade agreement |
| 20th Oct Urban workers' pay & bonuses will be linked to job performance |
| 1988 | Peng, Li | |
| Resists Zhoa's attempts to liberalize the economy & restores central planning |
| 1988 | Xiaoping, Deng | |
| The Central Committee cuts Xiaoping's reforms which cause inflation & stop-go growth |
| 1990 | Peng, Li | |
| Communist China joins the Asia-Pacific Economic Cooperation (APEC) |
| 1992 | Xiaoping, Deng | |
| Deng encourages the return back to economic reforms |
| Tours the "GoldCoast" & gives support to economic reform |
| 1994 | Zemin, Jiang | |
| China, Russia and three (later four) former Soviet republics (Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyzstan) form the Shanghai Cooperation Organization (SCO) |
| Communist China's gross domestic product grows at an average annual rate of about 10%, the highest in the world, between 1994 and 2000 |
| 1996 | Xiaoping, Deng | |
| China, Russia and three (later four) former Soviet republics (Turkmenistan, Uzbekistan, Kazakhstan, Kyrgyzstan) form the Shanghai Cooperation Organization (SCO) |
| Communist China's gross domestic product grows at an average annual rate of about 10%, the highest in the world, between 1994 and 2000 |
| 1997 | Zemin, Jiang | |
| Jiang Zemin legalizes private enterprise and unveils a plan to privatize Communist China's state-owned enterprises |
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