Wanxia Miracle

The Wanxia Miracle (Chinese: 萬峽奇蹟; pinyin: Wànxiá qíjī) refers to a period in Tsengian history in the 1970s when the economy rapidly grew and Tseng was transformed from a developing to a developed country. The Wanxia Miracle is named after the Wanxia, a river in southern Tseng where the miracle started.

It is sometimes called the second Tsengian miracle after the economic boom and industrialization of Tseng under Pierre Huang-li's rule in the late 1940s and early 50s.

Background
The country of Tseng was ravaged by the Luanzheng Era of the 1960s. When the military dictatorship ended on December 20, 1968, president Stephen Yang promised to promote unity and friendship, and to make Tseng a powerful country.

Five-Year Plan (1968-1973)
Stephen Yang instituted the Five-Year Plan (1968-1973), which aimed to expand Tseng's farming and agricultural economy. In 1969, Tseng Electric Company (TEC) and AZM was established. The Yang Government said that "by 1973, every Tsengian should have a television and a car". Irritated by the high prices of and  car companies, Fuxing Cars was founded in 1970, by offering cars in low prices. Fuxing quickly became the richest company in Tseng. In 1973, 94% of Tsengians had a car, 68% of those Fuxing.

Further growth (1973-1980)
Diversification of the economy was important as well. Following examples like South Korea, Tseng began to move toward the manufacturing and technology sectors. Many people encouraged Tsengians to go study engineering and science in university. The National Institute of Arts, Sciences, and Technology (NIAST), previously a low-level university in Tseng City, suddenly became the 3rd-highest rated university in Tseng. The first science park was built in the capital in 1975.

The GDP grew on an average of 7.4% during these years.

End and future
By 1981, Tseng's economy had slowed down.