Chinese Econmic Reform

was necessary. During his tenure as China's premier, Mao had encouraged social movements such as the Great Leap

Forward and the Cultural Revolution which had had as their bases ideologies such as serving the people and maintaining

the class struggle. By 1978 "Chinese leaders were searching for a solution to serious economic problems produced by

Hua Guofeng, the man who had succeeded Mao Zedong as CCP leader after Mao's death" (Shirk 35). Hua had

demonstrated a desire to continue the ideologically based movements of Mao. Unfortunately, these movements had left

China in a state where "agriculture was stagnant, industrial production was low, and the people's living standards had not

increased in twenty years" (Nathan 200). This last area was particularly troubling. While "the gross output value of

industry and agriculture increased by 810 percent and national income grew by 420 percent [between 1952 and 1980]

and the stock markets' volume attained record highs ("Stocks Surge" D2). To be sure, Chinese investors remain

people worry: Won't we be suffering losses by letting foreigners make profits in our country?'" (52). The Chinese were as

Deng took advantage of this economic crisis to discredit Hua and aim for leadership of the party. "Reform policies

Some topics in this essay:
Hua Guofeng, Communist Party, Andrew Nathan, Tyler A8, Cultural Revolution, Mao Zedong, Organization Gargan, United States', Zuckerman D6, Nevertheless Policy, economic reform, moral force, foreign investments, communist party, tyler a8, chinese communist, human rights, chinese communist party, zuckerman d6, china cracks a13, huaneng power, power development company, shandong huaneng, shandong huaneng power, economic reform china,