Chinas open door policy

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9 Terms

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Under who’s leadership was it largely ‘switched off’

Mao Zedong’s

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Year

1978

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Impact on GDP

Betwee 1978-2018 GDP grew from $147bn to over $13 trillion making it 2D largest economy

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FDI inflows

Increased from over $600mn in 1978 to $140 billion in 2018

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Global exports

0.8% to 12.8% in 2018

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Inequality

Gina coefficient increasing from 0.31 to 0.49

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Urban population

17.9% to 59.2% in 2018

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Jobs

200m new jobs, but caused overcrowding

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Ghg emissions

1.5km tonnes to 9.5bn