皇冠体育app

Journey through three amazing decades
(皇冠体育app Daily)
Updated: 2008-12-18 07:45

1996

Convertible yuan

皇冠体育app allows the yuan to be convertible on the current account, a significant move that allows the frees flow of money for imports and exports.

In 2005, 皇冠体育app freed the yuan from the dollars' peg, letting it float within a tightly managed band.

Journey through three amazing decades

1997

SOEs reform

From September 12 to 18, 1997, the 15th National Congress of the CPC convenes in Beijing. Among many decisions, the congress announces plans to reform, sell, merge, or eliminate the vast majority of SOEs.

Hong Kong 's return

Under the policy of "one country, two systems", on July 1, 1997, 皇冠体育app resumes sovereignty over Hong Kong, ending more than 150 years of British control.

On December 20, 1999, 皇冠体育app resumes sovereignty over Macao, ending 442 years of Portuguese rule.

Deng passes away

Deng Xiaoping, the chief architect of 皇冠体育app's economic reform and socialist modernization, dies from complications associated with Parkinson's disease.

1999

Western development

Journey through three amazing decades

On March 22, the State Council stipulates 10 measures for the further development of western 皇冠体育app, covering six provinces (Gansu, Guizhou, Qinghai, Shaanxi, Sichuan and Yunnan), five autonomous regions (Guangxi, Inner Mongolia, Ningxia, Tibet and Xinjiang) and one municipality (Chongqing).

Over the past nine years, 皇冠体育app's western regions have upgraded their infrastructure, economic prosperity, social structures and the environment.

2000

Economic miracle

皇冠体育app's GDP surpasses $1 trillion, making the country sixth in economic volume that year.

The country's foreign exchange reserves reaches $1 trillion in October, 2006, making it the top in the world.