Mao and Deng Xiaoping.docx - Bryan Gomez Mr Fede Holocaust\/Genocide Studies I 5 February 2018 Mao and Deng Xiaoping Deng supported the economic growth

Mao and Deng Xiaoping.docx - Bryan Gomez Mr Fede...

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Bryan Gomez Mr. Fede Holocaust/Genocide Studies I 5 February 2018 Mao and Deng Xiaoping Deng supported the economic growth that been introduced after the Cultural Revolution and introduced a plan known as the Four Modernizations of China. The production of food became the nation’s highest goal. To increase food output, communes, were replaced by family- run farms that used land leased from the state. The government took some produce for rent but families could keep or sell the remainder. Managers were given the power to make industrial plants (factories) more efficient; they could also rely on supply and demand to determine their production levels. Individuals were allowed to own small businesses and private property. Foreign investment and technology were welcomed. Under Deng, China’s economy grew and the standard of living rose. New ideas entered China through the newly open doors to the west but despite these changes, critics of the communist system were still arrested. However, new freedoms in economics led to ideas of freedom in government and thousands of people, including pro-democracy students, began to demonstrate. Responsibility System Allowed peasants to own land and keep the profits. Incentive Program The best and most efficient factory managers received bonuses. Foreign Capital & Technology Foreign investment is encouraged in China. Foreigners could set up their own business in special economic zones. Entrepreneurship Some private ownership of businesses was allowed to make and keep profits. Outcome: Crop
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