24 Jun THE SOCIO-ECONOMIC AND POLITICAL RESOURCES DURING THE EARLY YEARS OF PEOPLE’S REPUBLIC OF CHINA
The socio-economic and political resources during the early years of people’s republic of China were fully controlled under the guidance of the general line for the transitional period; the new state constructed various platforms in improving socialism. As a result, it managed to promote a degree of homogeneity in their society system. The newly built state took a full control and unearths the existing obstacles that to some extent has impacted objectives and promoted economic production.
At the beginning of 21st century, China became the successful country in importing and exporting and fourth largest economy country in the world, its rapid expansion has become more significant to many countries; the impressive growth of the biggest developing country worldwide is a key to both political and economic issue. China’s rapid economic growth has been boosted by development models, and the modernization of economic organization and regulation model. The country has managed to mix public and private roles successfully in order to achieve economic organization through economic integrations in the global market.
More importantly, china’s industrialization and growth is turning to an important market for primary products. The countries need for natural resources gives many developing countries major opportunities. Its contribution to the expanding global demand has driven up the prices of many primary products such as rubber and wood. These charges seem very positive to developing countries depending on the export of such commodities.
In international politics, china’s has presented itself more prominently as a developing country. China has managed to strengthen its economic relation within Africa, Latin America and Middle East countries through establishments of business councils, and cooperation forums in order to access to primary commodities and consolidates its export market. For not so many years China has become a central place for production, investments, import and export which has tied China to become the factory of the world.
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