The Chinese history is traditionally investigated through the accomplishments of 25 dynasties and several kingdoms. Among them four dynasties are the most important; Shang (founding), Han (education), Ming (isolation behind the Great Wall), and Tang (examination for administrative jobs). The fall of the ancient Sinic Civilization was the result of the Opium Wars and Civil War which led to the formation of People’s Republic of China in 1949, followed by several changes of goals and strategies, among them the strategy of modernization (1978) led to a new political system – market socialism with the Chinese character which eventually in the 21st century developed the Chinese economy to the level of the second in the world after the U.S. economy.