Eileen's summary and respond

Why does China since the reform since 1979, can achieve such extraordinary success.Characteristics of China's reform has been the pragmatic Deng Xiaoping's "Whether a cat is black or white, catch mice is a good cat" is a summary of it. Response to the problem of reform is based on China's conditions and capabilities, rather than any economic theory or principles. Of course, there are ideological constraints, but in building "socialism with Chinese characteristics," the overall objective, pragmatism has always been the guiding principle. With the rapid growth of agriculture, rural incomes have undergone substantial increases, which in turn has increased its agricultural commodities and non-agricultural commodities the growing demand.
From 1978, China embarked on a plan of economically liberal reforms. Deng Xiaoping's reforms included the end of the commune system, expansion of private business ownership and increased foreign investment. These all proved to be important causes of China’s economic growth. This created the huge growth rates and rise in GDP in China that continue today. This reform is also experience and learn from.

respond:
Chinese economic reform refers to the program of economic changes called "Socialism with Chinese characteristics" in the mainland of the People's Republic of China that were started in 1978 by pragmatists within the Communist Party of China led by Deng Xiaoping and are ongoing as of the early 21st century. The goal of Chinese economic reform was to generate sufficient surplus value to finance the modernization of the mainland Chinese economy. Neither the socialist command economy, favored by CPC conservatives, nor the Maoist attempt at a Great Leap Forward from socialism to communism in agriculture with the commune system had generated sufficient surplus value for these purposes. The initial challenge of economic reform was to solve the problems of motivating workers and farmers to produce a larger surplus and to eliminate economic imbalances that were common in command economies. China's open policy to promote the country's foreign direct investment and create more employment opportunities, to connect the international market, China's economy.


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