The History of China’s Economic Structure Management
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The Opium War in 1840 and many interactions with the western world since then, shook China to its core, and with them, fundamentally different economic management thoughts and practices arrived on shore. But well before those more recent interactions, China had a recorded history in economics and economic management, which could be summarized into some very long up and down economic cycles, a few of which were quite volatile. That economic history has continued to shape China’s management rationale over its vast and complex economy up to this day. Thus, to fully grasp the central theme of China’s current economic management philosophy, it is important to first understand that history background.