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Industrialization and Technological Progress

In: How the Chinese Economy Works

Author

Listed:
  • Guo Rongxing

Abstract

Before the foundation of the PRC in 1949 China had been a typical agrarian society, with more than 90 percent of its population living in rural areas. Thereafter, the Chinese government abandoned the old political and economic systems through the socialist transformation of the capitalist industry and commerce. Between 1949 and 1956, some 123,000 capitalist enterprises were transformed into 87,900 industrial units under joint state-private ownership and, at the same time, many small workshops run by individual laborers were reorganized as collectives (Liao, 1982, p. 130).

Suggested Citation

  • Guo Rongxing, 2009. "Industrialization and Technological Progress," Palgrave Macmillan Books, in: How the Chinese Economy Works, edition 0, chapter 9, pages 212-237, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-24568-6_9
    DOI: 10.1057/9780230245686_9
    as

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