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INDUSTRIALIZATION AND REFORMS: THE TRANSFORMATION OF CHINA’S ECONOMY

China’s economic transformation, which began in the 1950s, is a complex and multifaceted process, involving both radical socio-economic reforms and gradual economic liberalization in response to changing conditions and challenges.     Collectivization and Forced Industrialization (1950s–1960s)   After the establishment of the People’s Republic of China in 1949, the country was in a difficult […]