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Mao Zedong : China 's Economic Leader

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Introduction While Mao Zedong was in power he wanted to implement his own political ideologies on china. When he became China’s leader in 1949 he wanted to change china entirely. More specifically, when it came to economy Mao wanted to create an equal standard of living for the chinese people and wanted to be a completely self sufficient country. Unfortunately towards the end of his leadership nearly millions of people had died from starvation and his strive for progression was a complete failure and lead his country in retrograde. After Mao’s death in 1976, China was struggling finding a way to fix their economy from all the damage that had been done. In 1977 Deng Xiaoping became China’s economic leader, creating new policies and reform for China to get back up from the fall the experienced under the maoist regime. Deng Xiaoping wanted to successfully maintain political supremacy of the communist party while fundamentally transforming the economic system that had long been at the core of its ideology (Burton, 3). Deng took initiative and concentrated on correcting structural economic imbalances, opening international trade, and liberating nationalized enterprises and banks (Burton, 10). To what extent was China’s economic reform of 1976 to 1990 from a planned economy to a market economy beneficial to the country? Some Historians believe that the tactics used in reviving China’s economy were Capitalistic, contradicting China 's Communist government system. Was capitalism

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