How the Chinese Economy Works by Rongxing Guo

By Rongxing Guo

This booklet analyzes and compares the operational mechanisms of the chinese language financial system among the pre- and post-reform classes and during either nationwide and provincial dimensions. A multiregional comparability of the chinese language economic system is performed when it comes to average and human assets, institutional evolution, and monetary and social performances.

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As the western part of the inland area has less-developed social and economic infrastructures than the eastern part, China’s inland area can be further divided into two sections – the Central belt, which is next to the coastal area (here it is referred to as the Eastern belt), and the Western belt. The Eastern, Central and Western belts first appeared in the proposal for national economic and social development in the seventh Five-Year Plan (FYP) (1986–90), which was adopted in April 1986 by the National People’s Congress (NPC).

The Tang period was the golden age of literature and art. A government system supported by a large class of Confucian literati selected through a system of civil service examinations was perfected under Tang rule. This competitive procedure was designed to draw the best talents into government. But perhaps an even greater consideration for the Tang rulers, aware that imperial dependence on powerful aristocratic families and warlords would have destabilizing consequences, was to create a body of career officials that had no autonomous territorial or functional power base.

Western musical instruments were introduced and helped to enrich the Chinese performing arts. From this period dates the conversion to Islam, by Muslims from Central Asia, of growing numbers of Chinese in the northwest and southwest. Nestorianism and Roman Catholicism also enjoyed a period of toleration. Tibetan Buddhism (Lamaism) flourished, although native Taoism endured Mongol persecutions. Confucian governmental practices and examinations based on the Classics, which had fallen into disuse in north China during the period of disunity, were reinstated by the Mongols in the hope of maintaining order over Han society.

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