Question

How did Mao transform the economy of China?

Answer 1

Hint:The economic history of China describes the change and development in Chinese economy from the founding of the People's Republic of China to the present day. China has been the fastest growing economy in the world with an average annual growth rate of ten percent.

Complete answer:
Mao was the chairman of communist party of China. Mao's launched a massive policy of collectivization of the economy. The lands and the factories were nationalized.A few warlords controlled China before Mao's long March.Mao launched the socialist education movement he initiated the cultural revolution, a program to remove counter revolutionary elements in Chinese society. It lasted for about ten years. It was marked by violent class struggle, widespread destruction of cultural artifacts and an unprecedented elevation.
During the first five year plan industry group fifteen percent a year and the agricultural output grew slowly during the Great Leap Forward. China's economic disaster Industrial declines and food shortages.China has been transferred from state dominated plant social economy to mixed economy. This type of transformation required a complex number of reforms in China financially, enterprise governance and legal systems. The transformation has been accompanied by high levels of industrialisation and urbanisation, a process that has influenced every aspect of China society, culture and economy.

Note:Communism is a philosophy, social, political, economic ideology and movement whose goal is establishment of communist society namely associate economic order structured upon the ideas of common ownership of means of production and the absence of social differences.