Politics & Government

Deng Xiaoping Signals Economic Reform

The Third Plenary Session of the 11th Central Committee of the Chinese Communist Party convened in Beijing, marking a significant ideological shift in China. Deng Xiaoping emerged as a key leader, advocating for a departure from strict Maoist policies in favor of economic reform and modernization. This session laid the groundwork for China's transformation towards a market economy, indicating a clear intent to open China to foreign business and investment, which was seen through the establishment of special economic zones.

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