Panchronia

Deng Xiaoping's reform and opening-up

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1978 · Beijing · Asia · Politics

Markets and opening-up launch China's decades of growth

In December 1978 a Communist Party plenum led by Deng Xiaoping launched the policy of reform and opening-up. Market mechanisms, foreign investment and special economic zones gave China decades of rapid growth and made it one of the world's largest economies.

State: People's Republic of China

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