Economic development: Four Modernisations, market socialism (OCR A-Level History A): Flashcards

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Economic development: Four Modernisations, market socialism
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Chinese term: Reform and Openness

Gaige Kaifang

List the Four Modernisations

Agriculture, Industry, National Defence, Science & Technology

What was prioritised over socialism?

Modernisation

Fate of agricultural collectivisation

Abandoned (privatisation)

First Special Economic Zone

Shenzhen

What Shenzhen SEZ marked

Open Door Policy

Year of China's 'economic miracle'

1986

China's coal ranking by 1986

2nd largest producer in world

Peasants' per capita income change

Nearly tripled

Initial grain production effect

Fell

Initial inflation effect

Worsened

China's GDP outcome

Began to improve

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