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Understanding the Chinese Economies by Rongxing Guo

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Chronology

ent 1949: The People’s Republic of China (PRC) is proclaimed. It is not recognized by the US and many other Western nations. The Kuomintang (KMT) still holds Taiwan and continues to claim legitimacy as the government of China as a whole.

ent 1950: Chinese People’s Liberation Army (PLA) occupies Tibet. The Korean War begins.

ent 1951: Chinese and North Korean armies occupy Seoul. The Tibetan government signs an agreement with the Chinese government ...

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