The changes had radical implications for the structure of the economic and social life in China.
Because It was faltering
The key difference was that Gorbachev tried to democratise socialism, and the Chinese maintained the repressive party / state system, whilst democratising the economy.
Deng created an economy that blended socialism and capitalism.
Mixed Economy
After Mao Zedong died in 1976 and the Four were arrested, Den Xiaoping took over. Deng Xiaoping improved China's economy by introducing a mix of capitalism and communism. For example, under Mao's reign, people worked on collective farms which earned little money. After Mao's death, under Deng's reign, farmers can give the crop to the government for payment and the rest of the crop can be sold by the farmer(s).
Because It was faltering
The key difference was that Gorbachev tried to democratise socialism, and the Chinese maintained the repressive party / state system, whilst democratising the economy.
"Deng Xiaoping" was a politician and reformist leader of the Communist Party of China. He led China towards a market economy after Mao's death. He died in 1997.
Tax revenue changes when the economy goes into a recession. When there is a recession, the government increases tax revenue. The government does this because less people are spending money.
Deng created an economy that blended socialism and capitalism.
The attempt to modify capitalist economy occurred in China. "It does not matter if cat is black of white, so long as it catches mices." Deng Xiaoping
Mao Zedong jailed Deng Xiaoping in fear of him attempting to overthrow Mao's dictatorship. Deng Xiaoping's views were different that Mao, he wanted China to be expanded and open to the world, something Mao Zedong opposed. Deng Xiaoping became the leader of the People's republic of China in 1978 and has changed China's market economy, something Mao Zedong probably opposed too.
Chinese Economy Effected by Westerners: ~Modern transportation and communication ~Created an export market ~Integrated the Chinese market into the world economy
only one child to educate feed. also government control of cheep labor and trade. to simple to explain.
How was the economy in 1775? Good or Bad? Explain
Although China is not yet considered to have a fully-fledged free market economy, Deng Xiaoping is credited with having enacted many economic reforms that helped push China in that direction.
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