Deng Xiaoping's Massive Reform Set China on a Sky-rocketing Course

His other economic policy relaxed the government's economic controls and brought about a drastic increase in economic growth beyond his era to resign in the 1990s. For example, the per capita GDP per capita in 1978 (GDP, the determinant of quality of life) was $ 1540.7 billion (World Bank), and China's per capita GDP in 2008 was only 317 billion dollars in 2008 Bank of Japan). Thirty years after Deng Xiaoping implemented reforms and policies, this figure increased from 154,070 million dollars to 317 billion dollars, representing a GDP growth rate of 20.57%.

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.