Deng’s plan to reform agriculture, industry, defence and education
these plans were accepted by the Third Plenum of the Central Committee of the CCP in 1978
was the basis for China’s development
result: between 1978 and 1989 exports grew by 500 % and foreign investment in China quadrupled
reforms:
agriculture: end of commune, return of xiang (there is still specific amount of food that needs to be produced but any surplus produces can be sold by the peasants for their own profit)
industry: “hands off”-policy (government not totally detach, but much greater freedom for mangers and experts); open China to foreign trade; allowing co-operation with foreign businesses; creating Special Economic Zones (SEZ), which were given regional autonomy and granted special tax concessions and finanical freedom
education: more and larger universities for scientific education; plan was to train millions of Chinese students to become managers and administrators for new economy; studying abroad was promoted so Chinese would get insights in Western technology and industry expertise
- Deng’s plan to reform agriculture, industry, defence and education
- these plans were accepted by the Third Plenum of the Central Committee of the CCP in 1978
- was the basis for China’s development
- result: between 1978 and 1989 exports grew by 500 % and foreign investment in China quadrupled
- reforms:
- agriculture: end of commune, return of xiang (there is still specific amount of food that needs to be produced but any surplus produces can be sold by the peasants for their own profit)
- industry: “hands off”-policy (government not totally detach, but much greater freedom for mangers and experts); open China to foreign trade; allowing co-operation with foreign businesses; creating Special Economic Zones (SEZ), which were given regional autonomy and granted special tax concessions and finanical freedom
- education: more and larger universities for scientific education; plan was to train millions of Chinese students to become managers and administrators for new economy; studying abroad was promoted so Chinese would get insights in Western technology and industry expertise
Economic Policies: