China
China's Brief History (after 1949)
Communist Party of China established People's Republic of China in 1949. Communist leaders installed a political and economic order modeled on soviet example. The government carried out successful land reforms and established basic industries necessary for full industrialization and achieved impressive economic and social rehabilitation. Then in 1958 the government broke with Soviet model and started new economic programs that proved disastrous. After that there was a period of political and social anarchy that was unprecedented in communist history which ended in 1976. In 1979 China adopted policy of "reform and opening to outside world" which aimed at modernization. The reform policies also aimed at establishing FDI in China. This has led China to socialist modernization. Reform policies have brought great improvements in standard of living. After that period China has remained firmly committed to economic reform and opening to the outside......
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