The following is an overview of important events in the last 50 years in chronological order, covering policy reforms, economic transitions, technological development, and social changes:
· 1978: The reform and opening-up policy was initiated, entering a new stage of rapid economic development. (47 years ago)
· 1992: The cancellation of the food rationing system marked the deepening transition from a planned economy to a market economy. (33 years ago)
· 1997: The reform of state-owned enterprises advanced, leading to a wave of layoffs in some industries. (28 years ago)
· 1998: The gradual abolition of the welfare housing allocation system began, and the commercial housing market started to develop. (27 years ago)
· 1999: Tencent launched QQ, leading the emergence of internet socializing in China. (26 years ago)
· 2006: The agricultural tax, which had lasted for thousands of years, was completely abolished, reducing the burden on farmers. (19 years ago)
· 2008: The 8.0 magnitude Wenchuan earthquake occurred, with the whole country responding to disaster relief. (17 years ago)
· 2011: WeChat was launched, and mobile socializing gradually integrated into daily life. (14 years ago)
· 2013: The widespread use of mobile internet made online shopping the new norm. (12 years ago)
· 2016: The two-child policy was fully implemented, optimizing the population structure. (9 years ago)
· 2018: A major reform of the personal income tax system was introduced. (7 years ago)
· 2019: The short video app Douyin rose rapidly, influencing cultural dissemination methods. (6 years ago)
· 2020: The COVID-19 pandemic broke out, having a profound impact on global health and the economy. (2 years ago)
· 2021: The three-child policy and supporting measures were implemented. (4 years ago)
· 2022: The real estate market entered a period of adjustment, and housing prices in some cities declined. (3 years ago)
· 2023: Global economic fluctuations, China’s economy continues to respond to internal and external challenges. (2 years ago)
· 2024: Bank deposit interest rates further adjusted, and residents' financial management methods diversified. (1 year ago)
· 2025: Many places are implementing childcare subsidy policies to encourage childbirth and reduce family burdens. (Ongoing)
