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A comment on Xi Jinping personally halted Ant's IPO after Jack Ma snubbed government leaders. Parent comment

Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by flurben on Friday November 13, 2020 @08:35PM (#25089538)
China was actually quite wealthy under the Qing Dynasty, and fluctuated between 10% and 35% of global GDP.

In 1949, when the PRC was formed, they represented 9.5% of the global economy. In 1990, after 41 years of Communist Party rule, China was 1.59% of the global economy.

You cannot blame that on opium or the west, that is the result of Communist policies like the Cultural Revolution and the Great Leap Forward, to say nothing of the ruthless control and censorship of information.

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Re:Xi Jinping personally halted Ant's IPO after Jack Ma snub... by free_rms on Friday November 13, 2020 @10:03PM (#25089951)
The qing dynasty ended in like 1910ish.

And 1949 is a weird time to try and measure economic output numbers. Half the world in ruins, and China itself being mostly illiterate peasants.. you have a cite for that number? Does it have a dollar figure per capita?

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