Written by: Ismail Umar
Posted on: September 30, 2015 |
On October 1st, 1949, the Chinese Communist Party (CCP), under Chairman Mao’s leadership, officially declared the establishment of the People’s Republic of China after finally defeating the Nationalist Party of Kuomintang (KMT), whose popular support had plummeted due to years of mismanagement and corruption. This was a major, transformative event, not just in Chinese history but for the whole world, and is considered by Marxists as one of the greatest events in human history. Widely recognized as the world’s first communist peasant revolution, it finally brought an end to the full-blown civil war between the Communists and Nationalists which had been ongoing since World War II. The establishment of the PRC also brought an end to the instability and disorder which had been continuing since the Chinese Revolution of 1911.
Since the revolution of 1949, China has made great strides, particularly after launching its policy of Reform and Opening up in 1979. Within one generation, 500 million of its people have been lifted out of poverty. China’s emergence as the largest economy, that will overtake the USA in terms of the GDP, is imminent. The peaceful rise of China, reinforced by the Silk Road initiative, is connecting China to energy-rich Russia and Central Asia, and providing them an outlet to the Indian Ocean through the China-Pakistan Economic Corridor. China’s role in the region is transformational, and it is going to result in a paradigm shift in the center of economic, cultural and political power from the west to the east.
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