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Deng Xiaoping's Reforms - Industry

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Deng Xiaoping's Reforms - Industry

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Deng Xiaoping's Reforms - Industry

  1. 1. Industry under Deng Xiaoping 1970~1980 By: Alicia, Jisoo, Roan, Eytan
  2. 2. Before Deng - Old fashioned + inefficient factories - Losses > Gains - Micromanaged by Beijing - Ruined economy
  3. 3. After Deng - Economic Reforms - Ten Year Plan - Special Enterprise Zones (SEZ) - Town and Village Enterprise (TVE) - 53% -> 12% poverty rate - Steel, iron, coal, oil production (5.5 billion yen investment)
  4. 4. Communism -> Capitalism
  5. 5. State-owned enterprises (SOEs) - Owned and operated by the government and the PRC - Able to make profit in free market - More freedom for employers and employees
  6. 6. Town and Village Enterprises (TVEs) - Small businesses - Take loans from banks - Sell outside their hometown - 1978: 100,00 -> 1985: 17,000,000 -> 1992: 20,000,000
  7. 7. Social Enterprise Zones (SEZs) - Usually on coastal sites - Cheap land and local labour - Encourage foreign investment/ businesses - Modernisation of the areas
  8. 8. Problems - Unemployment at 12% - Western style problems eg. rising crime, football hooliganism - Conflict from inequality
  9. 9. QUIZ
  10. 10. Why were workers more motivated?
  11. 11. Answer: Because with more output the workers were able to earn more.
  12. 12. Poverty went down from 53% to what? a)20% b)17% c) 11% d)12%
  13. 13. Answer d)12%
  14. 14. What were the Special enterprise zones(SEZ)?
  15. 15. Answer: Special enterprise zones were set up to persuade western firms to establish themselves in China and more specifically in areas such as Shanghai and guangdong
  16. 16. How did the SEZ persuade the foreign firms to set up in china?
  17. 17. Answer: They promised them free land and local labour
  18. 18. What was wrong with the products being produced before Deng gave the factory managers freedom?
  19. 19. Answer: They were too old-fashioned and nobody wanted them. Eg. 2 million shoes piled up in a factory unsold
  20. 20. Thank you for listening

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