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Deng Xiaoping's economic reforms transformed China into a global power from "summary" of The Story of China by Michael Wood
Deng Xiaoping's economic reforms in China were nothing short of revolutionary. When Deng came to power in 1978, China was struggling; the country was poor, isolated, and still reeling from the Cultural Revolution. Deng recognized the need for change and set out to reform China's economy in order to bring the country into the modern world. Under Deng's leadership, China began to open up to the global economy. He introduced market reforms that encouraged foreign investment and trade, allowing China to become a major player on the world stage. This shift towards a more capitalist economy was a radical departure from the policies of Mao Zedong, who had favored a more closed and centrally planned economy. As a result of Deng's reforms, China experienced unprecedented economic growth. The country's GDP skyrocketed, lifting millions of people out of poverty and transforming China...
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