China Economy
Updated: 2/9/2020
China Economy
This storyboard was created with

Storyboard Description


Storyboard Text

  • In 1978, China underwent political reform. This meant that they opened their doors to foreign factories.
  • In 1978, China created Special Economic Zones near urban areas which allows companies to grow, trade and invest. The number of factories increased and allowed more jobs and economic changes.
  • An increase in foreign factories in urban areas generates money (taxes) for the government which means they can industrialise rural areas.
  • More skilled workers and better infrastructure makes urban China even more attractive to foreign companies. This means that their economy is growing.
  • In 2001 China joined the World Trade Organisation (WTO). This means that they have a wider variety of consumer goods.
  • High profile events such as the Beijing Olympics 2008 means that more people will move into the urban areas of the country and increase profit for foreign and Chinese companies
Over 12 Million Storyboards Created
Storyboard That Family