China Under Deng Xiao-ping. Deng changes communism by “restructuring” the Chinese economy… "to...
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Transcript of China Under Deng Xiao-ping. Deng changes communism by “restructuring” the Chinese economy… "to...
China Under Deng
China Under Deng Xiao-ping
Deng changes communism by restructuring the Chinese economy"to get rich is glorious"Socialism with Chinese CharacteristicsEconomic Reform in China
Black Cat, White Cat, it doesnt matter as long as the cat catches mice Process of Restructuring was Two-fold One: Decentralize the economy by:Shifting authority for decision makingrecognizing diverse forms of property rightMost prices set by supply and demand
Note that this is limited Privatization: diminishes(doesNOT eliminate) state owned factories
TWO: Open China to the outside world by . . .Increasing trade with a focus on export lead growth(B) encouraging foreign investment
Economic Reforms = Moderate, PragmaticCapitalist characteristics in Socialist economymixed economy - state controlled industry/farming with:profit motivecompetitionworker incentivesIts okay to get richAcademic elite respect for intellectuals & scientistsConformity rules relaxedLess concentration on political philosophyRESULTS
Consumer product growth
Foreigners invest more
China joins the World Trade Organization in 2001
US trade imbalanceGross Domestic Product growsMore RESULTS
Rich/poor gap growsEnvironmental DegradationRural/urban gap growsMaybe perestroika but not glasnost
Social / Political Reform = WHAT REFORM??Powerful Communist PartyNo freedom of speechNo freedom of pressNo freedom of assembly/protestState still owns landState still controls large, lucrative industriesLow human rightOne-child limit (adopted in 1979)
Socialism with Chinese Characteristics!Tiananmen Square MassacreSpring 1989Pro-democracy movementCall for 5th modernization by students and intellectualsSame time as:Elections in PolandFall of Berlin WallU.S.S.R GlasnostDemands:Free speechCrackdown on corruption
Democracy Wall
Tiananmen Square Massacre
http://www.youtube.com/watch?v=SB70mWXrzEE&feature=relatedPost Tiananmen ChinaGovernment Big Lie Campaignpublicized what they wanted people to knowstudent leaders jailed or executedruined Dengs international reputationcreated fear in the citizens of Hong Kong & students studying abroad
Today issues include:Balancing limited capitalism with communist ideals
Environmental pollution
Unequal male-to-female ratios resulting from One-Child Policy
Control of Tibet