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→Economic history
*influencing international organizations.
*influencing international organizations.
==Economic history==
===Economic history===
China's economy, based on rice and wheat farming, was generally prosperous until the 18th century. Population pressures and failure to adopt new technology led to an impoverished nation by 1900.
China's economy, based on rice and wheat farming, was generally prosperous until the 18th century. Population pressures and failure to adopt new technology led to an impoverished nation by 1900.
According to data from the US Treasury Department, as of May 2020, the CCP holds US $1.08 trillion in US Treasury bonds. Bianco suggested that the Trump administration exchange bonds with the CCP, that is, use the Hukuang Railway Bonds to repay the U.S. Treasury bonds held by the CCP. Bianco said that she is confident that this matter will succeed.</small><br>https://youtu.be/8B4L_dqU79c</ref>
According to data from the US Treasury Department, as of May 2020, the CCP holds US $1.08 trillion in US Treasury bonds. Bianco suggested that the Trump administration exchange bonds with the CCP, that is, use the Hukuang Railway Bonds to repay the U.S. Treasury bonds held by the CCP. Bianco said that she is confident that this matter will succeed.</small><br>https://youtu.be/8B4L_dqU79c</ref>
===Deng reform era===
====Deng reform era====
After Mao's death, the policy of modernization along Western lines has led to a remarkable rate of economic growth in the industrial cities, which have pulled in millions of peasants from the still poor rural areas. Slack environmental standards have led to serious pollution problems.
After Mao's death, the policy of modernization along Western lines has led to a remarkable rate of economic growth in the industrial cities, which have pulled in millions of peasants from the still poor rural areas. Slack environmental standards have led to serious pollution problems.
In 2015, the Communist-controlled Mainland China (or self-proclaimed People's Republic) denied being as a market economy.
In 2015, the Communist-controlled Mainland China (or self-proclaimed People's Republic) denied being as a market economy.
===GDP===
====GDP====
During the Post-Maoist Reform era after 1978, China introduced a system known as capitalist management of socialism, which it operates under today. China is not a true market economy, as the key resources, such as land, is not privately owned; the so-called collective ownership is still de facto government ownership. Moreover, in the Communist Regime's Constitution, Mainland China is still officially a Communist country.
During the Post-Maoist Reform era after 1978, China introduced a system known as capitalist management of socialism, which it operates under today. China is not a true market economy, as the key resources, such as land, is not privately owned; the so-called collective ownership is still de facto government ownership. Moreover, in the Communist Regime's Constitution, Mainland China is still officially a Communist country.
[[File:Concrete-in-china-info.png|right|350px|thumb|In the 3 years from 2011 to 2014, China used more cement than the US did in the entire 20th century.]]
[[File:Concrete-in-china-info.png|right|350px|thumb|In the 3 years from 2011 to 2014, China used more cement than the US did in the entire 20th century.]]