Sicnificant Economy

After China established on 1949, the Chinese economy developed very quickly. Chinese economy became the sixth of the world economic range followed by U.S.A, Japan, Germany, England and France.

Industry in China’s economy

Industry in China started developed since early 1950 after new China established on 1949. On 1978, China developed complete industrial economy in basic level, especially in Petroleum oil industry and Chemical industry that developed quickly than the others. Since the late 1970 that industry development in China growth was as high as 10 percent or more.

During the development in 50 years, the volumes of production in industrial were higher and it made coal, iron and steel, chemical fertilizers in agriculture and television became the first product in China. China not only produced aircraft boat and car only but they also produced satellite and Modern industrial equipment industry with the independent technologies in high level.

Agriculture in China’s economy

China is the country that had the largest population in agriculture, it made agriculture became a significant thing in Chinese economy. Although China had land area nine million six hundred thousand square kilometers but the most significant product of agriculture in China were rice, wheat, corn etc.

China more focused on agriculture investment by giving more income to farmers. They thought they would not achieve a development in agriculture if they did not pay attention with investment and farmers.

In my opinion, the economy was very signifacant thing in every country but it depended on their management that good or not. However, I thought economy in Thailand would become perfect and complete in the future.