1972, China's Economy Could Best Research Paper

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However, after years of distrust and internal conflict, China broke with the Soviets and established relations with the free world. While there were many results from this visit, the most important was the effects on China's economy and society. China's opening up with the West would lead to major economic and political changes, when after the death of Mao, another leader assumed control and began a series of reforms. These reforms were directly responsible for the rise of China in the later years of the 20th century.

Mao Tse Dong, the leader of the revolution and subsequent People's Republic of China, died in 1976. His death marked the end of a period of leadership under the old, hard-lined Communists, and a new period of younger, more liberal leadership. After a short period of internal maneuvering, Deng Xiao Peng took assumed the leadership of the government and began to institute a series of reforms.

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Deng embarked upon what was called the "Four Modernizations," in agriculture, industry, national defense, and science and technology. (Spence 655-682) He also engaged in economic reforms which allowed for the loosening of ownership restrictions on industries. The Chinese government allowed for a certain amount of private ownership and private capitalism. (Lin) for the first time since the communist takeover, the Chinese people were partially free to engage in private business transactions. This led to a literal explosion of China's economy and the emergence of a new middle class. Deng Xiao Peng began a series of reforms which led to China's entry into the modern world and global economy.

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