The Historical Development of Six Traditional Industries

The historical development of six traditional industries;

1. Oil industry: China Petroleum and Natural Gas Group Company, founded in 1955, is the earliest oil producer in China. The industry has gone through several stages of development, and has successively formed important development strategies such as "two bases" represented by Daqing and Changqing Oilfield, "three new areas" with Ordos as the core, and "going out" committed to globalization.

2. Iron and steel industry: China's iron and steel industry first started in the 1950' s. With the promotion of reform and opening up and the increase of iron ore and other resources, the iron and steel industry experienced rapid development and reached the peak of output value in the 1980s.

3. Power industry: The power industry in China started in 1950s, and a number of large hydropower, thermal power and nuclear power plants were established. After the reform and opening up, China's electric power industry reform has entered a stage of "gradual advancement and gradual improvement".

4. Telecom industry: The history of China's telecom industry can be traced back to the 1920s. With the development of science and technology, the telecommunications industry has entered the process of intelligent and digital transformation.

5. Coal industry: China's coal industry started in the 1950s. After many major reforms, it has formed a development situation in which Shanxi, Inner Mongolia and Shaanxi are the main coal-producing areas and large coal bases are distributed throughout the country.

6. Banking: The development of banking in China began in 1930s. After the reform and opening up, state-owned banks have gradually transformed into market-oriented financial institutions with larger scale, more advanced technology and more comprehensive services.