1. China Under Deng Xiaoping
Economic Policies

2. Mao 5 Year Plan Great Leap Forward Cultural Revolution
huge waste of time, completely unrealistic
Great Leap Forward
another failure, famine
Cultural Revolution
wrecked education

3. China under Deng Xiaoping
by 1982, Deng has full gov’t and Party control
compete with the West
open China to global economy

4. Ten Year Plan Hua Guofeng announced the new Ten Year Plan in 1978
meant to target specific sectors in the economy, focusing on heavy industry
focused on Chinese development
Deng was put in charge of these changes
gov’t can’t afford the costs +plans were modified in 1979
shift to focus on 4 Modernizations

5. Open Door Policy Party introduced Open Door Policy in 1978
key to success of 4 Modernizations
USA, West Germany, Japan

6. Agriculture realized importance of agriculture
Goal: increase productivity of farmers
introduced mechanized farming
Household Responsibility System

8. Science and Technology
Mao messed up so much
need for more doctors, scientists, etc.

9. Military China had the largest army in the world & it’s useless
gov’t spent up to 10% of their budget on improvements

10. Industry focus on capital construction and heavy industries
Industrial Responsibility System
gov’t gave more freedom to enterprise

11. Special Economic Zones
are areas where market-driven capitalist policies are implemented to entice foreign businesses to invest in China

13. Results The GNP reached 778 billion in 1985
Industrial production and agriculture had an average annual growth of 11%
Growth rates were even higher in the production of coal, steel, electricity and oil
The increased production brought about inflation