CHINA AFTER MAO: The Deng Xiaoping Revolution 1979-97. Deng’s Economic Reforms. DENG’S BASIC APPROACH TO ECONOMIC MATTERS. Economic Realism Performance of Market or Performance of Socialism? Contact or Isolation from Capitalist World?. DENG’S BASIC APPROACH TO THE ECONOMIC MATTERS.
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Deng’s Economic Reforms
To stimulate China’s Domestic Economy
To open Chinese trade to the outside world
The 4 Modernizations
Allowing market forces to operate
Subordinating theory to practical considerations
Allowing the development of individual enterprises
Encouraging joint venture of Chinese and foreign investment
Training of students
Creations of SEZs
Drive for Efficiency/Productivity
End of the Commune