Deng Xiaoping's Economic Reform in China

The goal of Deng Xiaoping's economic reform is "four modernization". These four modernizations refer to reform of agriculture, industry, defense, science and technology. These reforms aim to solve the problem of motivating workers and farmers to generate a larger surplus and eliminate the economic imbalance common to commanded economies. Deng Xiaoping believes that the fastest way to build a better Chinese is to immediately improve the living environment and enable people to achieve the morale necessary for further development.

If modern people understand China's current attitude and economic policy, it is Deng Xiaoping. Deng Xiaoping was known as China's leader from 1979 to 1989, where he carried out important reforms collectively referred to as "four modernization". By enabling foreign investment and contact with the outside world, Deng knows that China will naturally begin to catch up with science, technology and agriculture. The way to slowly enable China 's entrepreneurial spirit through carefully overseen free market reform led China today to China' s economic advantage and wealth path.

After the death of Mao in 1976, Deng Xiaoping of the new leader began a series of reforms that completely changed China. Deng encourages international trade and allows foreign capital to invest. As a result, China's entry into the world market and a rapidly growing economy were born. The specific goal of these policies is to gain huge foreign exchange earnings, modernize China and become more autonomous. Following the death of Deng Xiaoping in February 1997, the present leader Jiang Zemin strengthened his political power base after the 15th Chinese Communist Party Congress in September 1997. Under the guidance led by Jiang Zemin, economic reform seems to be continuing, but the prospect seems to be small. Political change His request is to strictly control the press.

After Mao's died in 1976, due to Deng Xiaoping's advantages and economic reforms, China finally achieved a great economic leap and was able to achieve world-class self-sustained economic growth. The successor of Deng Xiaoping continued economic reform under the paradigm "One Country Two System" and made several political reforms. The Chinese economy and military may be concerned about some of her neighboring countries in Asia. Under British rule Hong Kong is one of the earliest emerging economies in East Asia, the so - called Tiger economy.