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Go Green Revolution
(GG Revolution)

The 19th century had the Industrial Revolution, the 20th century had the IT revolution and now the Go Green Revolution is for the 21st century....

 

 It has been only in recent years that the economy of China has improved. Early in history, it was an agricultural controlled culture, manned by the peasants. Essentially, it was an economy owned by a unitary public. It was a weak economy in which there was an unbalance between industries.

 At first, China had a potentially progressive economy, however it seemed to diminish during the 13th and 14th centuries. One due to the massive amount of manpower available, which in turn discouraged the development of time saving methods.

 The other was the strict rule of the government, one that didnít encourage personal initiatives and creativity. It lacked vitality and life. Because of its weak economy, it fell easily to political powers stronger that itself. By 1949, China was ready to reconstruct the country.

Travel Information on China

 Unfortunately, most of the industries were around the coastal regions, where most of the foreign companies had set up business. It was during this time that economic policies were set into play. First, it was important to strengthen the role agriculture played.

 Second, the imbalance with industry between the coastal regions and the inner regions needed to be corrected. In order to do so, a plant was built in towns without industry, closer to where the raw materials could be obtained. To open up desert areas for further expansion, they improved land drainage, river control and dam construction. Also, they laid out improved roads and further expanded the railway system.

By 1976, another five-year plan was set into motion. Reforms were introduced in agriculture and industry. Mainly to encourage private, profiteers to the economy.

It was during the 7th five-year plan that the economy began to improve. Prices, taxation, credit and wages were regulated. Also, coastal regions and towns were given economic privileges, including better working conditions. These led to a larger increase in the gross national product. It also led to higher levels of inflation and helped to decrease the budget deficit.

The 8th five-year plan was a continuation of improving raw material production.

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By 1992, state controlled industry declined, given precedence to the private industries. Since reformation, many outside foreign companies have been interested in China. However, most of the interest has been relegated to the coastal areas. Those on the interior of China have had the least growth.

 This is one of the problems faced with economic growth. Another is the loss incurred by the state run industries. In turn, many workers are leaving the inland industries and head to the coastal provinces for better work.

The ninth five-year plan put together new objectives. One of which was to continue with the plan for modernization in an all-round way. Also, to raise peopleís standard of living and have poverty almost erased. Basically, establish the basis of a socialist market economy. By 2010, China hopes to double the gross national product of the year 2000, to bring people to an even more comfortable standard of living.

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China has maintained favorable trade relations with other countries since the 1990ís. Unfortunately imports from South Korea, Japan, Taiwan and Hong Kong are higher than exported goods. These countries generally are importing machinery, transport equipment, and chemical products into China. The three top trade partners are Hong Kong, Japan and the USA.

Another source for the upkeep of the economy is the reliability on tourism. The riots and trouble in Tiananmen Square abruptly stopped all tourism in the area. With "Visit China Year" designated in 1992, tourism increased to about 4 million. Unfortunately, problems with not enough hotels, bad accommodations and not many flights into the area, are slowly pulling down the potentially high tourism trade. Airports can usually be found in the Special Economic zones and around the coastal areas.

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Extra  Information

 

 

Gold
(Millions Ounces) 1999 2000 2001
US 261 261 262
Germany 111 111 111
France 97 97 97
Italy 78 78 78
Swiss 83 77 70
Japan 24 24 24
China 12 12 16
India 11 11 11
Korea 0.44 0.44 0.44

 

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