1. The Chinese Economic System

2. Goods and services produced.  Machinery and electrical equipment: 16.116 billion U.S. dollars were exported.  Garments and accessories: 4.678 billion U.S. dollars were exported.  High-tech products: 6.399 billion U.S. dollars were exported.  Textile raw materials and products: 2.247 billion U.S. dollars were exported.

3. How goods and services are produced.  Most positions of significant power are occupied by members of the Communist Party of China which is controlled by the Politburo Standing Committee of the Communist Party of China, a group of 4 to 9 people, usually all older men, who make all decisions of national significance, including how to produce goods and services.

4. Who the goods and services are produced for.  The communist party of China makes most decisions dealing with the countries good and service production.

5. China’s economic development timeline  1984: 14 coastal cities are completely opened to foreign investment.  1986: Deng Xiaoping boosts "Open-door" policy to encourage Foreign Direct Investments  1988: Excessive economic growth with corruption and out-of-control inflation of 18.5%  1989, Dec.: Stock markets are opened in Shanghai and Shenzhen.  1990-2004: The process of restructuring and / or closing of state-owned enterprises is accelerated.  1990-2004: The process of restructuring and / or closing of state-owned enterprises is accelerated.  1992: Deng Xiaoping accelerates market reforms to establish a "socialist market economy".  1992: Deng Xiaoping accelerates market reforms to establish a "socialist market economy".

6. Timeline Continued  1995: Overheating of the economy: 17% Inflation rate.  1995: Overheating of the economy: 17% Inflation rate.  1998-1999: Slow-down of the Chinese economy - partly due to Asian Financial Crisis  2001, Nov.: After years of negotiations, China becomes a member of the World Trade Organization  2006, Jan.: CNOOC, one of China's largest oil and gas producers buys a stake in a Nigerian offshore oil and gas field.  2008, Nov.: The government announces a $586 billion economic stimulus package.  2009, Feb.: 20 million migrant workers may have lost their jobs in China due to global economic crisis