1. Overall Impacts: (LK p.174-7)
Economically
The beginning of private economy
And foreign investment
2. The transformation of state-owned
Enterprises
Company registration system
Share system

2. 3. The integration of planned and market
Economy
“Socialist market economy” since 1978
More people engaged in business
Stock markets in Shenzhen & Shanghai
4. Increase in production and the improvement
Of people’ livelihood

3. 5. Urbanization
6. A narrow gap between China and the West
PRC enjoyed leading position in various
Agricultural and industrial production like
Steel, coal, cement.
1999, GNP ranked 7th in the world.

4. Socially
Improvement in education and healthcare
Services
2. Illiteracy was to be wiped out
3 Changes in customs and tradition and greater
Freedom

5. Politically
A narrower gap between China and western
Countries
2. Changes in customs and traditions and
Greater freedom of speech

6. Problems:
-Three rural problems unsolved: crime,
Corruption and inflation
-unemployment and huge debts
-insufficient legal reform
-people being discontented with the political
system

7. China (Coastal Development Plan) increasingly
Dependent on the international economy and
Reduced China’s control over her economy
Growing inequality of income and infrastructure
Between coastal provinces and the inland
provinces

8. The role of China in Asia
Economic role
The new “Industrial Workshop”
Many daily necessities and products throughout
The world were all made in China. In 1998,
PRC was the world’s television producer, with
Significant market share in Asia. Her ranking
In terms of foreign trade rose from 27 (1978)
To 11 (1998).

9. 2. The biggest market, investment venue in Asia
1.3 billion population (with expanding
Purchasing power) provided large market.
Cheap labour force attracted foreign investment
(Taiwan, Four Little Dragons in Asia)

10. 3. Contributing to Asian economic cooperation
ASEAN, APEC (text p.178), WTO
4. Stabilizing Asia & Pacific Reigon
Peacekeeping force in Asia
Maintain balance of power

11. Social role
Overseas Chinese in Asia
Linguistic aspect
Educational aspect

12. In a word…
-Opening & liberalizing her market
-Cooperating with other countries
-integrating in world economy
END