The Story of Chinese

power

Prof. Ved Srinivas

 Economy of China
3 trillion forex reserves
50% Services, 40% Industry, 10% Agriculture
Exports – 2.26 trillion $, imports – 1.84 t$
Credit Rating – A+
Pop. BPL – 11.1 %
PCI – $8836, PPP - $17002
Workforce
Agri – 30%, Ind – 30%, Serv – 40%
Deng Xiaoping
"It doesn't
matter whether a cat is
black or white, as
long as it catches mice."

Known as the architect of modern China

Ruled from 1978 to 1989
His own version of Socialism
Technological advancements as enablers
 "What is socialism and what is Marxism? We
were not quite clear about this in the past.

Marxism attaches utmost importance to

developing the productive forces.

We have said that socialism is the primary stage

of communism and that at the advanced stage the
principle of from each according to his ability
and to each according to his needs will be
This calls for highly developed productive forces
and an overwhelming abundance of material
wealth

Therefore, the fundamental task for the socialist

stage is to develop the productive forces

The superiority of the socialist system is

demonstrated, in the final analysis, by faster and
greater development of those forces than under
the capitalist system
As they develop, the people's material and cultural life
will constantly improve. One of our shortcomings
after the founding of the People's Republic was that
we didn't pay enough attention to developing the
productive forces.

Socialism means eliminating poverty. Pauperism is

not socialism, still less communism.“

— Deng Xiaoping, on 30 June 1984 at a Central

Committee plenum, in a speech discussing Marxist
Reasons for growth of China

Authoritarian Government
Dedicated Diaspora
Big 4 Banks Savings
Skilled Labour
Consistent Marketing
“Business first” Attitude
Brilliant diplomacy
World’s Factory
Special Economic Zones

Shantou
Xiamen
Shenzhen
Zhuhai
Hainan Island
Pudong
 Coastal Areas

China opened 14 other

coastal cities to overseas investment

Dalian, Qinhuangdao, Tianjin, Yantai, Qingdao,

Lianyungang, Nantong, Shanghai, Ningbo,
Wenzhou, Fuzhou, Guangzhou, Zhanjiang, and
Beihai.