help with economics! (1 Viewer)

[eagleeye tommo]

what happened in china in 1976 to cause negative growth? anyone who knows will defs become a hero of mine!

 

[BHS10]

putting this thread in the proper section of the forum would get you more responses

 

[eagleeye tommo]

cheers which is where exactly?

 

[Tofuu]

cheers which is where exactly?

the economic fourm

 

[Tofuu]

Economics - Bored of Studies

there

 

[moll.]

Answer would be either that the climax and end of the Cultural Revolution distracted everyone from the economy, or Mao's death meant that the lowly government officials actually started reporting production figures that weren't from Narnia, which would have resulted in a theoretical recession.

 

[twistedrebel]

Answer would be either that the climax and end of the Cultural Revolution distracted everyone from the economy, or Mao's death meant that the lowly government officials actually started reporting production figures that weren't from Narnia, which would have resulted in a theoretical recession.

That seems the logical reason

 

[waryap]

I believe it could've one of two reasons. Firstly being Mao's death which also resulted in the gang of four's dismantle. Also there was a rather big earthquake in Tangshan (around 700,000 people died approx. this was given by the chinese government) So you could say there was a lack of labour, resources etc High demand Low supply. The chinese even called it the "year of curse"

haha hope this helps in some way.

 

[Laura Fletcher]

what happened in china in 1976 to cause negative growth? anyone who knows will defs become a hero of mine!

mao died..

 

[eagleeye tommo]

mao died..

yh thats what i went with tough i suspect the drought and earthquake also had something to do with it