Deng Xiaoping
- Coming to power in 1979 institutes agricultural reforms
- Encouraged farmers to sell on the open market
- Also allowed for the contracting of plots of land (excess profits could be kept) ‘productive responsibility system’
- China accepted loans and foreign investments
- Joined the International Monetary Fund (IMF) and The World Bank
Summery
Deng Xiaoping takes power after Mao's death and is left with the difficult task of reforming china into a functional place to live for it's people. Deng place the stepping stones for the Communism in china we know today. A communism with free trade and many freedoms.