Thursday, October 9, 2008

Change in China

http://www.npr.org/templates/player/mediaPlayer.html?action=1&t=1&islist=false&id=95545734&m=95545711 China is not expected to hold on to it's purse strings. China is the World's fastest growing economy , but is not expected to rush to the rescue of the United States economy.
I was just hearing NPR about how China has a Capitalize economy and a communist government. Capitalism has grown all over the world. Capitalism allows free trade, Private companies, stock exchange with other nations , and businesses. China's government no longer have control over the economy because they do not own a lot of companies. Communism is weakening in China and the economy has numerous famous stores like Hagan Dias, Papa Johns, and subway. Some of the ice cream stores are hard to spot in America are moving to China like Hagan Dias. Hagan Dias is a famous European ice cream store. Dairy Queens is in China as well. Some businesses that lost many stores are moving to China, for example Pizza Hut is famous in Asian countries
Pizza Hut in China is a order restaurant, and not fast food. It is considered high quality. It is also extremely expensive.
Before during The Culture Revolution , China's government owned everything, and you can't say a single bad thing about the leaders. If you do , Mao's red guards will punish you severe.
The Red Guards are only 15 to 21 year old kids. They were created to spread Culture revolution throughout china. Chairman Mao, who was the highest position, started the Culture Revolution to reeducate those accorrding to his Red book. He would sent those people to the countryside for years. Everybody only got a few dollars a month. (Compared to now rich people in China can earn up to 100,000 dollars a month.) Then in 1976 , Chairman mao passed away and ending the culture revolution. It was a ten year revolution from 1966 to 1976.
If you read Chun Yu's Little Green, then you will know true accounts of the Culture Revolution through a child's eyes.

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