Inflation was a key economic factor caused in the time of the civil war. During the Sino-Japanese war, the GMD had to borrow a lot of money from abroad in order to make up the loss of revenue due to the Japanese occupation of China’s economically thriving provinces. In order to pay off the debts, Chiang’s government had to resort to issue more and more paper currency, which in turn caused the value of money to drop. This lead to inflation, meaning that people’s wages were worth a lot less and China was in a financial crisis. The magnitude of the problem can be determined from “The civil war brought a worse inflation.
The Chinese ruling class was instead opposed to the reform in China. The conservatives worried that changes in the reform will threaten themselves and weakened their power. The Hundred Days’ Reform is a great demonstration of how the power struggle resist the reform in China. The reform was short-lived, changes in political, social and military, economic system were proposed but were merely in paper due to opposition from the conservative Chinese official and the empress Cixi, who felt threatened by the changes, reformers backing the reform were then caught and executed. (Fairbank, Goldman, 1992) The reformation in China faced major opposition and thus the reform in China mainly focused in implementing western innovation and technology and little is changed in the more controversy political and legal
Mao’s rise to power was a result of favourable conditions resulting from both the failures of the Nationalist party (GMD) and the various successes of the Communist party (CCP). Before Mao was able to consolidate his power over China in 1949, he first had to become solitary leader of the CCP party which he accomplished through his effective use of propaganda, ideology, policies and use of force. Prior to this, China had been led by incompetent leaders and as a result of their actions, it experienced a weakness of political system, impact of war and various economic factors. Towards the beginning of the 20th century, the Qing dynasty which had ruled China for nearly two millennia, was on the verge of collapse. After the fall of the empire in 1911, China suffered from the tumultuous upheaval of the revolution.
For what started as a popular social pastime opium took a turn for the worst and by the late 18th century increasingly large sums of opium, produced by the british east india company were being shipped to China. The Chinese government tried to ban the opium trade but were unsuccessful. The british were able to bypass these laws with help from smugglers. The number of Chinese addicts became overwhelming, growing up to 12 million. Chinese people started to become inefficient and the social effects of opium smoking caused most of the Chinese population to become deleterious.
The Tiananmen Square rebellion had an immediate effect on China’s foreign relations. “Together with its allies, the United States quickly imposed a series of diplomatic and economic sanctions against China” (The National Bureau of Asian Research). With declined tourism and withdrawing foreign investments, China’s GDP growth rate dropped from 11 to 3%. As a result, China wanted to over come the to international isolation, and to rebuild relationship with foreign countries and regain access to international markets and investments. Over time, China has gradually regained the relationship through communication, compromisation, and restored affairs.
Although there are certainly major differences between the Roman and the Persian empires, their declines are both results of weak and corrupt rulers, issues dealing with the economy, loss of scientific advancements, and military complications. And by studying these factors which contributed to the two empires ' downfall, historians may be able to prevent these complications from gravely affecting modern day civilizations. Weak and/or corrupt rulers exist in almost, if not all, empires at one point of the empires ' period in influence. In Rome, there were many corrupt rulers scattered throughout its timeline, but two specific emperors aided in the
Therefore, the British government sent diplomats to China for reducing the differences and improve the relationship.The British government experienced three failures in the diplomatic negotiation of requesting the trading opportunities, including Earl of Macartney, Lord Amherst, and W. J. Lord Napier. All of them were rejected due to the indecent manners performed. After the three failures, the British government realised that was not only about business, also diplomatic equality. At that time, the dissatisfaction was already in an extreme level. When Charles Eillot sent as a “new chief superintendent of British trade in China” , the war was already about to
Through the Boxer Rebellion, it lingered China lots of casualties, economic damages and influences. Although the Boxers thought that foreigners were deteriorating China’s tradition through westernization, the Boxers deserve a bad rap because they were aggressive, frivolous, and
In fact, after these changes, the population of China started to explode and it was hard to control it. (Bonavia, 1980) China’s leadership saw that the large population could be an advantage to the country and he said that humans are the most important and valuable resource for the country. In addition, between 1962 and 1966 the leadership was convinced about applying a policy that will reduce the birth rate because of hunger, poverty and unemployment. “Quite a large number of people in the rural areas still do not have enough to eat, the people’s living standards cannot be improved as they should have been, there
Earlier the Chinese government was pretty sceptical about the FDI and certain policy measures taken by the government. Further , Chen believed that too much importance was given to the heavy industry which undermined the growth of not only the light industry and agriculture but it also hampered the growth of private businesses and markets. This led to Chinese economy to be moving for the worse. Also China being a communist country and being a one party democracy there was a lot of negative influence of corruption on the business environment of the country. Companies are likely to experience bribery, political interference when acquiring public services and dealing with judicial system.