Important Leadership of Reformist Pragmatic Leaders >>> In 1978, and after Mao’s death, Deng Xiaoping became the paramount Leader of China who was a chief architect of the ‘reform and opening-up policy’. He officially launched the ‘Four Modernizations’ (agriculture, industry, science and technology, and national defense), and formally marked China’s reform era. A pragmatist, Deng gave to China its political and economic stability. Since 1979 China has become an open economy and the reforms lifted hundreds of millions of Chinese out of poverty. Moving full speed ahead into industrialization and changing people’s perceptions and thinking was a major task. Attracting Foreign Direct Investment (FDI) and investing in physical capital ensued in the 1990s.
Posted on: Fri, 12 Jul 2013 10:27:02 +0000
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