China 's Economic Development Through Experiments With Capitalist Methods Of Production

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Deng Xiaoping was one the the Chinese Communist Party leaders. His goal for China was to get it back on the right path, which was economic development within the country. China’s economic development has abruptly stopped under the leadership of Mao Zedong. Deng Xiaoping said “practice is the sole criterion of truth”. His mindset was that by practicing and experimenting with different forms of production and ideas for entrepreneurship, China would be successful in finding their way back to economic development. This started China’s path to economic development through experiments with capitalist methods of production. Thee Four Modernizations were goals that were set by Shou Enlai first, in 1963, but they were later enacted by Deng Xiaoping in 1978. These goals were set in order to strengthen the fields of agriculture, industry, national defense, and science and technology in China. They were enacted in hope of saving China’s economy, following the death of Mao Zedong. These reforms stressed economic self-reliance. They wanted China to have a sense of stability in their economy, while being independent at the same time. The Four Modernizations were designed to make China an economic power by the early 21st century. China was, in fact, able to hurry along their economic development with the help of these reforms. China used foreign investment, a more open market, access to advanced technologies and management experience. Deng was basically making all of the decisions for

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