Modern China (oct 9, 1976 – aug 19, 2024)

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After Mao's death, the Gang of Four was arrested by Hua Guofeng and held responsible for the Cultural Revolution. The Cultural Revolution was rebuked, with millions rehabilitated. Deng Xiaoping took power in 1978, and instituted large-scale political and economic reforms, together with the "Eight Elders", most senior and influential members of the party. The government loosened its control and the communes were gradually disbanded. Agricultural collectivization was dismantled and farmlands privatized. While foreign trade became a major focus, special economic zones (SEZs) were created. Inefficient state-owned enterprises (SOEs) were restructured and some closed. This marked China's transition away from planned economy. China adopted its current constitution on 4 December 1982.

In 1989, the country saw the protests in Tiananmen Square unfold, and later saw other protests over the entire nation. Zhao Ziyang was put under house arrest for his sympathies to the protests and was replaced by Jiang Zemin. Jiang continued economic reforms, closing many SOEs and trimming down "iron rice bowl" (life-tenure positions). China's economy grew sevenfold during this time. British Hong Kong and Portuguese Macau returned to China in 1997 and 1999, respectively, as special administrative regions under the principle of one country, two systems. The country joined the World Trade Organization in 2001.


Belt and Road Initiative and related projects
On the 16th CCP National Congress in 2002, Hu Jintao succeeded Jiang as the general secretary. Under Hu, China maintained its high rate of economic growth, overtaking the United Kingdom, France, Germany and Japan to become the world's second-largest economy. However, the growth also severely impacted the country's resources and environment, and caused major social displacement. Xi Jinping succeeded Hu as paramount leader on the 18th CCP National Congress in 2012. Shortly after his ascension to power, Xi launched a vast anti-corruption crackdown, that prosecuted more than 2 million officials by 2022. During his tenure, Xi consolidated power unseen since the initiation of economic and political reforms.

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