26 nov 1990 ano - Shanghai Stock Exchange opens up and the Private Sector starts to take a foothold.

Descrição:

Despite the very turbulent period of the late 80's and early 90's. Deng Xiaoping ket pushing in reforms and somehow being able to force many of these Conservative elders like Chen-Yu into retirement. Once that happened the reforms became more radical once the opposition was removed. Examples including the reopening of the Shanghai Stock Exchange in 1990, 40 years earlier it was shut down by Mao Zedong and the CCP. By the late 90's privatizations really started to gain ground as over 100,000 state-owned enterprises were privatized between 1995 and 2005. Throughout this entire period of reform GDP growth and GDP started to grow with an average of 10.4%. During this time GDP grew dramatically from 149.5 Billion Dollars in 1978 to 2.2 Trillion Dollars in 2005.