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enormous industry and centralized bureaucracy. China was instantly a big ally of URSS but it did not last because Mao’s idea of communist was detoured somehow by his own idea of what Communist was and could be. In Mao’s mind he wanted to achieve the industrial capacity of production of developed countries but he failed. Instead corruption, anarchy and violence reigned during his presidency and in a comeback to communist values many Chinese public servers were arrested or executed. The riots of the youths protesting were dismantled and bad seen in public eye, some liberties were restricted like freedom of speech.

 

When Mao died (1977) an old time member of the communist party took over control: Deng Xiaoping. He once went to jail under orders of Mao Zedong but when he returned to Chinese politics was convinced that China needed a different model at least in the economic matter. We can say pretty much that by that time under Deng’s presidency an approach to free market and more liberal industrialized China we know these days began. He was pioneer in returning to allow Chinese people to own their lands, his idea of a strong communist china was not on the economy but in the culture as he assured that a cultural revolution was necessary for the country’s success. Therefore in schools and universities a collectivist model of life was imposed and students all over China were taught to think in their country’s needs before an individual cause a full integrated and productive nation could give many more benefits to their people. Thanks to these strategies Chinese economy expanded and flourish in a way never seen before in the country, loans were permitted to farmers and other small business entrepreneurs who wanted to build factories. International investors were fully allowed by 2003 under Jian Zemin president. These investors outsourced their products with China building new and technological factories and an industrialized China emerged as the big supplier of the world. Leaving behind the bad quality of their products now a days China’s industries are well known for being producers of many well-known brands around the world. Nevertheless lately China has been accused of enterprise spying and violation of patents and intellectual property, without many results.

 

As we can see China’s history is so diverse and rich that there is not a proper way to analyse it the way we have known ours. This millenary civilization has proven also that they can overcome many difficulties. We can notice this now a days as this country merges two economic models that were thought to be the antithesis of the other and has proven to do so successfully, It is also hard to know what will come for china but we can assure that living conditions and living style of regular Chinese people has considerably improved in the last 20 years and is seems it will continue.

 

Monetary Policy

 

Monetary policies are normally settled and framed by country’s central banks. Policies must be aligned and deployed in accordance to the goals and objectives t本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。