After China’s Mao Tse Tung, Dang Xiaoping is credited with bringing economic revolution.
The economic revolution that Shyoping started in 1978 has been 40 years in 2018. Dang shiaoping called it the second revolution of China.
Only after this economic reform did China knock on the world’s largest economies.
Today, China is the world’s largest country with the most foreign currency reserves (3.12 trillion dollars).
The second largest country in terms of size of GDP (11 trillion dollars) China is the third largest country in the world to attract foreign direct investment.
When Dang shiaoping started economic reforms in 1978, China’s share in the world economy was just 1.8 percent, which was 18.2 percent in 2017.
China is not only an emerging economy but it is moving towards the strength of its past when its share of the world economy was around 30 percent in the 15th and 16th centuries.
The name of three leaders is taken to make China stronger: Mao Tse, Dong Shiaoping and current leader Shi Jinping After 40 years of economic revolution of Xiaoping, once again China is moving forward under the leadership of a strong leader like Jinping.
Mao Zedong and Dang Xiaoping
shi Jinping wants to make a superpower for China’s economy in terms of manufacturing. For this, Shi Jinping Dang is pursuing the policies of Shaiping, including the opening of the economy and economic reforms.
There is a situation of confrontation between the model of China’s economic success and the communist politics there.
After all, how much credit should get from the open market, apart from government schemes and private entrepreneurs, for the tremendous surge in China’s economy?
China is the whole political power in the hands of Shi Jinping, and in such a question arises, to what extent do the leaders of this country want to keep control of the economy?
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Conversion of Dang and Chinese Economy
The story of the emergence of China is not just a story of the development of a country after the Second World War, but this story is free from a controlled economy and transferred to the market economy.
Many countries of the world adopted this change in China, but in this case, success in the poster boy was China.
China had initiated the process of gradual improvement in the domestic economy and not the market’s confidence. In order to improve China’s economy, the first thing was to decide where to invest overseas and not where.
For this, he built a special economic zone. China chose the southern coastal provinces for the special economic zone.
Dang shiaoping laid the foundation for solid change in communist socialist political environment. For this, he first broke the soup of the Soviet economic model and then started the process of modernization in China’s economy with socialism according to China’s needs and warp.
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Chinese author Yukon Huang wrote in his book Cracking the China Kandrum: Why Conventional Economic Wisdom Is Wrong, “Dang was not only a great reformer but also a bosom.”
The social economic reform that Dang started did not get preceded in human history. China’s GDP grew by 3,230% between 1978 and 2016
At the same time 70 crore people were brought above the poverty line and 385 million people joined the middle class.
China’s foreign trade increased by 17,500 percent and by 2015, China emerged as the world leader in foreign trade. In 1978, China had done business for the whole year, now it does so in just two days.
On the basis of the collective leadership of the Chinese Communist Party (CCP), Dang started a rapid process of social economic change in China. After several shots in the 1960s and 70s, Dang was cautious about Mao’s style.
Dang used to go with some principles about international relations. They kept themselves low profile. Dang’s focus was on fully accelerating the Chinese economy.
Ezra Vojel, a professor of social science at Harvard University, wrote the biography of Dang Xiaoping. He has called Dang a great leader who has the ability to stabilize every kind of stability.
Economic transformation in China not only resulted in economic prosperity among Chinese citizens, but also strengthened and strengthened the Chinese Communist Party’s power. Economic liberalization of Dang was also called political liberalization in China.
shi Jinping and New frown of China
Dang shiaoping often used to coat to-the -t theory – unless the cat catches the cat, it does not matter whether it is white or black.
On the same lines, shi Jinping proposed an industrial development in Chinese pressure. Shi Jinping gave ‘to-bird thier’ for this. While addressing the 12th National Congress in 2014, shi Jinping said that the cage needs to be opened and it needs to be imprisoned with old birds (the last breathable industrial institution).
shi Jinping said that under this process China will reach Nirvana. In the process of Quietus, shi Jinping’s emphasis is on development with the fundamental technology and environment protection.
Now in China, the question is raised who will become the second hero of China. In March last year, the National People’s Congress had terminated the term of President’s tenure.
Simultaneously, Shi Jinping Thought was started on socialism in China and it is being called a new era of China.
The control of a person who controls the Communist Party of China is controlled by all its forces. Shi Jinping is said to have completely ousted his opponents in the Communist Party.
How shi Jinping wins the government industries For example, by removing the government companies from the control of the Communist Party and giving it responsibility entirely in the hands of the management. During the tenure of Sheila, the NGO was also screwed. Many human rights activists were arrested.
Many people believed that Shi Jinping would be generous like her father. She’s father Shi Changshun was the governor of Guangdong Province in 1978. He was also the leader of the economic revolution of Dang Xiaoping.
In early December 2012, shi Jinping made the first official visit to Shenchen in Guangdong. Through this tour he tried to give a message that there will be no obstruction in the reforms from Dang. In the last five years, she has done this as well.
Limitation of Liberalization
China had prepared the full blueprint for liberalization. China’s leaders insisted on the central control leadership, but there was a great harmony between local government, private companies and foreign investors.
China gave autonomy to foreign investors Compared to the earlier leaders, Xi Jinping emphasized on public-private-partnership.
After 2014, private investment in China grew very fast. Shi Jinping extended the scope of business to the whole world. Through the One Belt One Road Project, connecting infrastructure and trade networks with Asia, Europe, Africa.
In recent days, questions are raised on China’s intentions. For example, if Sri Lanka failed to pay China’s debt, then it handed Hammontota Port to 99-year lease.
This episode also includes Djibouti, Pakistan and Kyrgyzstan. China World Trade Organization’s share of 2001 Since then, China has ended seven thousand rules to facilitate foreign trade. Since 2011 China has cut tariff average of 10 percent.
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