While China today is known as the world’s factory, its success is built on the foundation of investments in agriculture in the Mao era. Deng capitalized on this in his initial years in power, between 1978 and 1984. During this period, as agriculture transitioned from collective farms to a household responsibility system, the investments in irrigation, farmer education, fertilizer production and use and extension services started bearing fruit. Grain yield per unit area increased by 42.8 per cent, the total output of grain increased by 33.6 per cent, and real agricultural value-added increased by 52.6 per cent. It was this jump in agricultural production that laid the foundations for growth in manufacturing.
Another key was decentralizing decision-making. Provincial and local governments received increasing authority over investment approvals, fiscal resources and policies. This process had again started in Mao’s time, but the capriciousness of the Cultural Revolution had constrained it from yielding results. Once stability returned under Deng’s reformist policies, provinces, municipalities and counties were allowed, even encouraged, to experiment with reforms in specific areas. Successful experiments then became official policy and were quickly adopted throughout the country. During Mao’s regime, even a suggestion of any foreign influence, especially Western, was not just frowned upon but could have drastic consequences for the individual concerned. However, realizing that China needed global investments and know-how in manufacturing, Deng led the Chinese government to enact the Equity Joint Venture Law in 1979. The law allowed FDI into China for the first time since the Communist Revolution in 1949. Though the radicals criticized it, Deng was too powerful by then for any reversal of policy.
Diese Geschichte stammt aus der July 2023-Ausgabe von Storizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 2023-Ausgabe von Storizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Manohar Kahani by Raghu Srinivasan
\"Manohar Kahani\" is a charming and whimsical story set in an unknown seaside hamlet in the Konkan area.
Coach Builder by Donald Miller
Donald Miller's book \"Coach Builder: How to Turn Your Expertise Into a Profitable Coaching Career\" provides a detailed road map for anybody interested in starting a successful coaching business.
Butter by Asako Yuzuki
Asako Yuzuki's 2017 novel \"Butter,\" which was first published in Japan and has now been translated into English by Polly Barton, is a distinctive combination of a friendship story and a whodunit mystery, all encased in a sumptuous culinary motif.
The 5 Principles of Parenting by Dr. Aliza Pressman
Aliza Pressman's book \"The 5 Principles of Parenting: Your Essential Guide to Raising Good Humans\" is a thorough and perceptive manual that provides a useful method for raising good children.
Nightbloom by Peace Adzo Medie
\"Nightbloom\" by Peace Adzo Medie is a compelling exploration of societal complexities, deeply rooted in contemporary issues.
Hotel Arcadia by Sunny Singh
Sunny Singh's \"Hotel Arcadia\" is a compelling story that combines action-packed suspense with in-depth character study.
Good Half Gone by Tarryn Fisher
Tarryn Fisher's latest psychological thriller, \"Good Half Gone,\" is a rollercoaster of twists and turns that will make readers doubt all they think they know.
Before the Queen Falls Asleep by Huzama Habayeb
Huzama Habayeb's \"Before the Queen Falls Asleep\" is a moving story that delicately ties together themes of memory, displacement, and survival, explaining that life is not simply what one lives, but what one remembers and recalls.
Arun and the Royal Rumpus by Eoin Redahan
\"Arun and the Royal Rumpus\" is an engrossing blend of humor, adventure, and the strength of friendship.
A Green Day by Jeevesh Gupta, Chittranjan Dubey & Anandajit Goswami
\"A Green Day\" is an engaging collection of perspectives on climate activism. The book is a remarkable compilation of articles, portraits, and personal experiences from environmental movements throughout the world.