founding of people in china (jan 1, 1949 – jan 1, 1976)

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The history of China details the history of mainland China since October 1, 1949. since a near complete victory by the Communist Party of China in the Chinese Civil War. Since 1949, China has transformed from a peasant society to the world's second-largest and fastest growing economy. After receiving support from the USSR in the 1950s, the two nations became bitter enemies. The wealth and technology of china led to a contest for primacy in Asian, India, Japan and the United States.

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