"Far more intelligent people then me will figure that out when conditions are right."
🔥17
"The future is an infinite succession of presents, and to live now as we think human beings should live, in defiance of all that is bad around us, is itself a marvelous victory."
– Howard Zinn
– Howard Zinn
'Guided by Deng Xiaoping, who is often credited as the "General Architect", the reforms were launched by the ruling Chinese Communist Party (CCP) on December 18, 1978 at the third plenary session of the 11th CCP Central Committee, during the Boluan Fanzheng period. In 1979, Deng launched the Four Modernizations, aiming to modernize China's economy. A parallel set of political reforms were launched by Deng and his allies in the 1980s, but ended with the 1989 Tiananmen Square protests and massacre, halting further political liberalization. The economic reforms were revived after Deng Xiaoping's southern tour in 1992. Reform and opening up gradually became the main component of socialism with Chinese characteristics, constituting Deng Xiaoping Theory, and was incorporated into the CCP Constitution in 1997 and written into the Constitution of China in 1999.
Reform and opening up is a major decision and turning point in the history of the People's Republic of China. It began after the Cultural Revolution, and changed the planned economic model of China to what is officially termed as a socialist market economy. The reforms de-collectivized agriculture, abolished the people's communes, relaxed price controls, allowed foreign direct investment into China, and led to the creation of special economic zones, most prominently the Shenzhen Special Economic Zone and the Shanghai Pudong New Area. Private enterprises were allowed to grow, while many state-owned enterprises were scaled down or privatized. Shanghai Stock Exchange and the Shenzhen Stock Exchange were established in 1990, allowing a capital market system, while China joined the Asia-Pacific Economic Cooperation in 1991 and the World Trade Organization in 2001.'
Read about Reform and Opening Up aka the Chinese Economic Miracle on Wikipedia
Reform and opening up is a major decision and turning point in the history of the People's Republic of China. It began after the Cultural Revolution, and changed the planned economic model of China to what is officially termed as a socialist market economy. The reforms de-collectivized agriculture, abolished the people's communes, relaxed price controls, allowed foreign direct investment into China, and led to the creation of special economic zones, most prominently the Shenzhen Special Economic Zone and the Shanghai Pudong New Area. Private enterprises were allowed to grow, while many state-owned enterprises were scaled down or privatized. Shanghai Stock Exchange and the Shenzhen Stock Exchange were established in 1990, allowing a capital market system, while China joined the Asia-Pacific Economic Cooperation in 1991 and the World Trade Organization in 2001.'
Read about Reform and Opening Up aka the Chinese Economic Miracle on Wikipedia