Deng xiaoping Flashcards
The Chinese revolution of 1949..
Brought the CPC to power and in their account it marked the end of the “Century of Humililation” The rule of Mao (1949-1976) was characterised by rapid industrialisation interrupted by periods of chaos
After Maos death the leadership of Deng introduced wide ranging economic reforms, the 4 moderations
Agricultural , industrial , technology , defence
The first reforms in 1978 consisted of…
Opening trade with outside world
Instituting the household responsibility system in agriculture by which farmers could sell their surplus crops on the open market
Establishment of the Town Village Enterprises
These moved away from the strict communism of Mao and Dengs market friendly reforms started a period of frantic growth in the Chinese economy
:)
Economic reforms
Opened itself up as a site for foreign investment
Following year became a member of the International Monetary Fund and the World Bank
China was not rejecting the commanding role of communism
These economic reforms were called Socialism with Chinese Characteristics
To encourage foreign investment 4 economic zones were set up
Zhuhai Xiamen Shenzhen Shantou