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Today is October 1, 2009, a day of joy and happiness for the People’s Republic of China and friends of China around the world to mark the 60th founding anniversary of the People’s Republic. In the past 60 years China has seen several transitional phases and now undoubtedly has emerged as one of the world’s greatest economic power.
As it is rightly said that nations get leaders they deserve, great leaders like Chairman Mao Zedong, the founder of New China who led the great Chinese nation and its socialist transformation, worked actively till 1976 and after that another great Chinese leader Deng Xi ping led the nation for new economic reforms and the open door policy was his brain child which gave a new and modern look to China. These economic reforms are continued under the third generation and till date under the leadership of Hu Jintao who is working for the harmonious society concept. New China has steered the nation onto a path of national harmony and economic growth. To no surprise China is one of the few nations that have survived the world financial crisis due to its strong forex reserves and manufacturing through rapid industrialization with the policy of a market driven economy.
Pakistan is among those first countries of the world which not only recognize China but have very warm and cordial relations with China, relations considered higher than Himalayas, deeper than oceans and sweeter than honey. The two countries are very close not only due to their geographical closeness but also to the like-mindedness of their peoples for peace in the region and consequently in the world.
On August 8, 2008, the 29th Olympic Games opened its curtain in Beijing. Within 16 days, athletes from 204 countries and regions gathered in China to demonstrate their superb athletic ability as billions of people worldwide participated in the celebration of international sportsmanship and friendship. As the excitement finally concluded in the Bird’s Nest Stadium, China received rare reviews from the international community for having staged one of the most successful Olympic Games in history. The 16 days realized a long cherished dream of the Chinese people and the arrangements for the event was admired by all.
1949, when the People’s Republic of China was founded, the Chinese economy was on the verge of collapse as the result of long-time war. The per capita GDP was only 50 US dollars. In the 1950s and 60s, China carried out many large-scale heavy-industry infrastructure construction projects, which laid a sound foundation for the economic growth of New China. But due to a low level of productivity in agriculture and light industry, the market supply of consumer goods was far from enough to meet the needs of the Chinese people.
Following the reform and opening up drive in the late 1970s, China achieved fast economic and social development. The market flourished, with an increasing quantity and diversity of commodities. With the abundant supply of goods, people could buy whatever they needed with ease and convenience.
As it is rightly said that nations get leaders they deserve, great leaders like Chairman Mao Zedong, the founder of New China who led the great Chinese nation and its socialist transformation, worked actively till 1976 and after that another great Chinese leader Deng Xi ping led the nation for new economic reforms and the open door policy was his brain child which gave a new and modern look to China. These economic reforms are continued under the third generation and till date under the leadership of Hu Jintao who is working for the harmonious society concept. New China has steered the nation onto a path of national harmony and economic growth. To no surprise China is one of the few nations that have survived the world financial crisis due to its strong forex reserves and manufacturing through rapid industrialization with the policy of a market driven economy.
Pakistan is among those first countries of the world which not only recognize China but have very warm and cordial relations with China, relations considered higher than Himalayas, deeper than oceans and sweeter than honey. The two countries are very close not only due to their geographical closeness but also to the like-mindedness of their peoples for peace in the region and consequently in the world.
On August 8, 2008, the 29th Olympic Games opened its curtain in Beijing. Within 16 days, athletes from 204 countries and regions gathered in China to demonstrate their superb athletic ability as billions of people worldwide participated in the celebration of international sportsmanship and friendship. As the excitement finally concluded in the Bird’s Nest Stadium, China received rare reviews from the international community for having staged one of the most successful Olympic Games in history. The 16 days realized a long cherished dream of the Chinese people and the arrangements for the event was admired by all.
1949, when the People’s Republic of China was founded, the Chinese economy was on the verge of collapse as the result of long-time war. The per capita GDP was only 50 US dollars. In the 1950s and 60s, China carried out many large-scale heavy-industry infrastructure construction projects, which laid a sound foundation for the economic growth of New China. But due to a low level of productivity in agriculture and light industry, the market supply of consumer goods was far from enough to meet the needs of the Chinese people.
Following the reform and opening up drive in the late 1970s, China achieved fast economic and social development. The market flourished, with an increasing quantity and diversity of commodities. With the abundant supply of goods, people could buy whatever they needed with ease and convenience.