During the First World War, China's economic development seized a wave of opportunities, and after the founding of the Republic of China, it secretly developed for a few years.

After this period of development, the economy of the Republic of China has made great progress.

Especially in light industry and commerce, heavy industry developed very slowly. Heavy industry in the Northeast developed very well, but it was occupied by Japan.

Extremely unbalanced regional development was a major feature at that time. Economically developed areas were mainly concentrated in big cities, such as Shanghai, Wuhan, BJ and other big cities.

Not only that, the economy developed very fast during the golden decade, with GDP growth remaining above 8%. At that time, the National Government's light industry ranked sixth in the world.

According to statistics in the "National Economic Income" released by the National Government in 1936, China's total GDP in 1936 was 25.9 billion French currency, and Japan's total GDP was US$13.79 billion.
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