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الجزيرة نت
Source: الجزيرة نت
5 Hrsالجزيرة نت
Source: الجزيرة نت
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China’s transformation into the “world’s factory” began in 1978, when an agricultural reform allowed farmers to keep a larger share of their crops. According to the article, output rose from 305 million tonnes to 407 million between 1978 and 1984. As workers moved from rural areas into industry, investment from Hong Kong, along with the development of special economic zones, helped establish factories. China then connected production in workshops and factories to orders from global markets, particularly the United States. The number of people employed in rural and township enterprises grew from 28 million in 1978 to 135 million in 1996. Today, the city of Datang produces 25 billion pairs of socks a year. The article says China now accounts for a third of global industrial production, and that its industrial transformation helped lift 800 million people out of poverty.
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