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The thinking was that in order to be a consumer society, China would need to be a producing society. In December 1978 at the 3rd plenary session of the 11th Central Committee of the Chinese Communist Party, Deng Xiaoping announced the official launch of the Four Modernizations, formally marking the beginning of the reform. [citation needed]
[50] [51] [52] Though Deng Xiaoping is credited as the architect of modern China's economic reforms, Chen was more directly involved in the details of its planning and construction, and led a force that opposed many of the reforms from Deng's side. [51] [53] The two sides struggled over the general direction of the reforms until Chen died in 1995.
Deng Xiaoping Theory (Chinese: 邓小平理论; pinyin: Dèng Xiǎopíng Lǐlùn), also known as Dengism, [1] [2] is the series of political and economic ideologies first developed by Chinese leader Deng Xiaoping.
Thursday marks the 120th birthday of Deng, who unleashed historic reforms in 1978 to allow more private enterprise and opened the economy to foreign investment, paving the way for decades of ...
Deng continued to chair and develop the reform and opening up as the main policy, and he advanced the three steps suitable for China's economic development strategy within seventy years: the first step, to double the 1980 GNP and ensure that the people have enough food and clothing, was attained by the end of the 1980s; the second step, to ...
China's economic miracle started in 1978 when Deng Xiaoping launched historic reforms, allowing more private enterprises and opening the economy to foreign investment. Li was not the only pro ...
The plan's specific economic objectives, in addition to the macro-objectives of enhancing the economy and individuals' livelihoods. [2] [3] The State Council revised the five-year plan in 1993 following Deng Xiaoping's southern tour and the 14th National Congress of the Chinese Communist Party. The plan was revised to increase the projected ...
Deng Xiaoping, having secured rehabilitation in 1975, further consolidated his position, assuming paramount leadership in December 1978, but not before he had the chance to elevate his protege Yaobang in May of that year. Yaobang pursued a series of political and economic reforms as Deng Xiaoping’s ‘right-hand man’, making enemies of ...