What were the results of Deng Xiaoping changes?

Answer 1

Deng Xiaoping's economic reforms in China, initiated in the late 1970s, transformed the country from a centrally planned economy to a more market-oriented one. These changes led to rapid economic growth, lifting hundreds of millions out of poverty and establishing China as one of the world's largest economies. However, the reforms also resulted in increased income inequality and social tensions, as well as significant environmental challenges. Overall, Deng's policies marked a significant shift in China's development trajectory, setting the stage for its rise in the global economy.