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For much of the twentieth century, China was a poor communist country. But over the past twenty-five years, 400 million people in China have escaped the dire poverty of living on less than $1 a day. Average real incomes have increased 440%. The city of Shanghai now stands as a dramatic symbol of the fastest growing major economy in world history. Hundreds of thousands of people work in skyscrapers, some among the tallest in the world. Privately owned designer boutiques line the city's streets. It would seem that Communist China is using free trade to reinvent itself--but not entirely. In The People’s Economy we meet Shi Hai and his employees at internet gaming company Snail Game. They are navigating the delicate path between China's cultural traditions and their bold, new ideas. China still faces many challenges, including widespread poverty in the countryside. One important question remains unanswered: Will China's new economic freedoms lead to political freedom for the Chinese people? The People’s Economy covers numerous educational standards across several subject areas including ELL, Language Arts, Media/Technology, and Social Studies for Grades 4-12. To learn more about this educational program, and which standards it covers specific to your grade, subject area, and which standards your district is using, visit our educational program summary section for this video here: http://www.izzit.org/products/detail..... Subject Areas: ■ Business ■ Economics ■ Family & Consumer Science ■ Geography ■ Government ■ Science ■ Technology ■ World History Topics: ■ Chinese History and Culture ■ Economic Freedom ■ Entrepreneurship ■ Political Freedom Want more great FREE educational stuff to go with this video? Head over to http://www.izzit.org and grab the full teacher’s guide, use the online quizzes, find additional teacher resources and more! Check out our Facebook page here: / izzit Visit our other educational programs here: http://www.izzit.org/products/index.php Make sure you enroll as an izzit.org member to receive your FREE teacher resources, click here to sign up now: http://www.izzit.org/join/index.php You can Tweet at us here: / izzit_org Chapters 0:00 Introduction 1:42 China’s Transformation 3:17 Changing Expectations 5:15 Snail Game 8:30 Challenges Ahead