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Hangátirat Automatikusan generált
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Hi. Um, I'm talking about First, I'm going to give
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a brief history of China and how it became an
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economic powerhouse.
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So there's this kind ing mile to sung tongue, not
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sure how to pronounce it.
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But he became in Created the chairman of the People's
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Republic of China and the Chinese Communist Party in 1941.
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He also envisioned an equally prosperous society and all businesses
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under government control.
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I mean, between 1959 in 1961 would production plummeted due
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to crop and industrial shortfalls.
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A great famine occur, resulting in millions of deaths in
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1978 bangs a peen a Chinese revolutionary and veteran of
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the Communist Party with eager to adopt capitals, methods and
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reforms. In order to stimulate economic growth and restore confidence
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in the party, they launched several economic performs that allowed
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private sectors to start and operate their own businesses.
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Due to these reforms, China has gone from being a
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country that opposed capitalism to one that embraces property rights
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and free working.
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Now I'm going to be talking about the abolition of
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socials in China.
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What is socialism like in Turner in the late seventies?
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Are moderate named things up in came to power.
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His administration was marked by various economic reforms that he
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collectively called socialism with Chinese characteristics.
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Agriculture was D collect device, and farmers gained the right
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to sell their surplus.
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Special economic zones where foreign investments were allowed in state
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regulations was reduced.
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Was created.
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Price controls were more relaxed for urban industries.
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Private businesses were also allowed to exist again for the
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first time in decades.
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I'm going to be talking about China if whether it's
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socialist or capitalist, so the definition of socialism in I'm
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going to read it on the side, it says.
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The political and economic theory of social organisation, which advocates
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that the means of production, distribution and exchange should be
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owned and regulated by the community as a whole, and
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capitalism, which is a political theory derived from Carla Max,
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advocating class war and leading to a society in which
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all property in public Lee owned and each person all
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property is publicly owned, and each person works in this
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raid according to their abilities.
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It means so from that, um, I think that China
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is well, the Chinese government is still largely like, Oh,
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I'm very sorry.
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I really don't want to say the Chinese government still
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controls a large portion of the economy.
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To me.
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I think that China's more social assistance is here.
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A significant portion of the Chinese economy is still government
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controlled, and although the number of government programs has declined,
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it's still like less or is still more government control.
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Policies allowed entrepreneurs and investors to take profits, but within
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the control of the state.
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Around 2000 for the government began to allow a person's
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bright to private property, and socialism does just that.
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It also tremendously aided in China's economic growth.
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Thank you.