Trade has been a very significant factor of the People's Republic of China's economy. In the twenty-five years that followed the founding of the Republic in 1949, China's trade institutions developed into a partially modern but somewhat inefficient system. The drive to modernize the economy that began in 1978 required a sharp acceleration in commodity flows and greatly improved efficiency in economic transactions. In the ensuing years economic reforms were adopted by the government to develop a "socialist planned commodity economy". This type of economy combined central planning with market mechanisms. The changes resulted in the decentralization and expansion of domestic and foreign trade institutions, as well as a greatly enlarged role for free markets in the distribution of goods, and a prominent role for foreign trade and investment in economic development.
Famous quotes containing the words history of, history, trade, people, republic and/or china:
“Three million of such stones would be needed before the work was done. Three million stones of an average weight of 5,000 pounds, every stone cut precisely to fit into its destined place in the great pyramid. From the quarries they pulled the stones across the desert to the banks of the Nile. Never in the history of the world had so great a task been performed. Their faith gave them strength, and their joy gave them song.”
—William Faulkner (18971962)
“History is not what you thought. It is what you can remember. All other history defeats itself.
In Beverly Hills ... they dont throw their garbage away. They make it into television shows.
Idealism is the despot of thought, just as politics is the despot of will.”
—Mikhail Bakunin (18141876)
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—Ralph Waldo Emerson (18031882)
“Nothing is so threatening to conventional values as a man who does not want to work or does not want to work at a challenging job, and most people are disturbed if a man in a well- paying job indicates ambivalence or dislike toward it.”
—Alice S. Rossi (b. 1922)
“It was the most ungrateful and unjust act ever perpetrated by a republic upon a class of citizens who had worked and sacrificed and suffered as did the women of this nation in the struggle of the Civil War only to be rewarded at its close by such unspeakable degradation as to be reduced to the plane of subjects to enfranchised slaves.”
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“Ever since I was a little girl, Ive, Ive dreamed of havin my own things about me. My spinet over there and a table here. My own chairs to rest upon and a dresser over there in that corner, and my own china and pewter shinin about me.”
—Frank S. Nugent (19081965)