Deng Xiaopings Reform and Opening (jan 1, 1978 – dec 18, 1978)
Description:
Deng Xiaoping, a Chinese politician and a paramount leader of the People’s Republic of China, decided to use capitalist ideas to further help the economy. People were now allowed to cease control of their own land under Deng Xiaopings new policies. He also created the ‘Open Door’ policy, which permitted foreign businesses that desired to set up in China.Added to timeline:
Date:
jan 1, 1978
dec 18, 1978
~ 11 months