An Historical Analysis of China's Economic Opening Up To the Outside World since Modern Times
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DOI: 10.38007/Proceedings.0001251
Corresponding Author
Boli Ding
Abstract
In the Opium War of 1840, China's country was forced to open. The colonial invasion and looting of Western powers not only damaged China's political culture, but also severely damaged China's economic development. In order to pass on the economic crisis, Western powers set up banks in China, dumped commodities to China, issued currency and other policies, which severely hit the Chinese economy. During the Anti-Japanese War, the Japanese army's indiscriminate bombing and looting led to the closure of many enterprise factories, the closure of shops, the shutdown of enterprises, the suspension of factories, the movement of a large number of enterprise factories to the west, the reduction of consumption objects, and the reduction of consumption levels, leading to many factory enterprises Unprofitable, and therefore unable to develop, so caught in an endless loop. China's economic development is struggling. Later, the government actively adopted some policies, hoping to promote the development of the national economy through reforms. It has taken many measures and has also promoted the economic development to a certain extent. This article analyzes China's economic development from several stages of China's economic development since modern times, as well as the measures and effects of opening to the outside world.
Keywords
Since Modern Times; Economic Development; Open to the Outside World; Government