this post was submitted on 16 Oct 2025
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China
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It was Deng's policy of opening China to foreign investment, creating Special Economic Zones and focusing on export oriented industries. Deng was repeatedly criticized for leading China down a capitalist road. Integrating with the global economy added far more complexity but also boosted the growth of the economy.
We see the massive leaps in China's standard of living in the past 20 years but prior to that, China was looking like the world's poor exploited sweatshop. Now a lot of developing nations are trying to learn from China's model.