It all started in 1949, when Chiang Kai-Shek led a revolution against the Mao led Communist Party of China. Being defeated, Chiang Kai-Shek retreated to Taipei and declared Taipei as the capital of Republic of China (ROC). Whereas Mao Zedong was representing Peoples Republic Of China (PRC). Subsequently, both China and Taiwan laid claim to … Continue reading China’s Taiwan Affair
Category: China
Chinese Economy 2019
In 1978, after the rule of Mao Zedong, China undertook a lot of reforms for the economy. These reforms have had substantial positive effects on the Chinese economy. From 1978 till 2000, China’s double-digit growth can absolutely be attributed to the reforms. But after 2000, China’s exponential growth carried forward by its accession to the World Trade … Continue reading Chinese Economy 2019
