Search results
Results From The WOW.Com Content Network
The Chinese economic reform or Chinese economic miracle, [1] [2] also known domestically as reform and opening-up (Chinese: 改革开放; pinyin: Gǎigé kāifàng), refers to a variety of economic reforms termed "socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC) that began in the ...
Since the Reform and Opening Up period, China has evolved into a backbone of the world economy. [2] China has been the fastest growing economy in the world since the 1980s, with an average annual growth rate of 10% from 1978 to 2005, based on government statistics. Its GDP reached US$2.286 trillion in 2005. [3]
Officials in Guangdong Province led by Provincial Party Secretary Xi Zhongxun and Yang Shankun sought to make Guangdong a national demonstration zone for Reform and Opening Up, [2]: xvii–xviii starting with an investment project in Shekou prepared by Yuan Geng on behalf of the Hong Kong-based China Merchants Steam Navigation Company.
China's reform will not pause, and its opening-up will not cease," he said. "We are planning and implementing a series of significant measures to comprehensively deepen reform."
[1] [2] [3] The Four Modernizations were adopted as a means of rejuvenating China's economy in 1977, following the death of Mao Zedong, and later were among the defining features of Deng Xiaoping's tenure as the paramount leader of China. At the beginning of "Reform and Opening-up", Deng further proposed the idea of "xiaokang" or "Moderately ...
The conference marked the beginning of the Reform and Opening Up policy, and is widely seen as the moment when Deng Xiaoping became paramount leader of China replacing Chairman Hua Guofeng, who remained nominal Chairman of the Chinese Communist Party until 1981.
He added that "stability is the basic premise for reform and development. Without stability nothing can be achieved". [12] During Reform and Opening-up, Deng criticized those he deemed as the ideologues of the Cultural Revolution for seeking "poor socialism" and "poor communism" and believing that communism was a "spiritual thing".
[20]: 225–229 When Reform and Opening up began after Mao's death, China began to gradually wind down Third Front projects. [21]: 180 The Third Front distributed physical and human capital around the country, ultimately decreased regional disparities and created favorable conditions for later market development. [21]: 177–182