The foundation of the People’s Republic of China after the Communist victory in the civil war of 1949 for the 1st time in history the whole of China was united under...
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...ed leader after conflict and divide in the party behind the closed doors of the Communist Party. During Deng Xiaoping’s time in power many economic reforms were introduced to combat the 6.5Billion Yuan deficit which remained from Mao’s period as Chairman. Deng introduced his Special Economic Zones (SEZ) in which foreign investment and industrial growth was encouraged in order to boost the Chinese economy. Over this period of reforms China’s total percentage of citizens living in poverty was reduced from 53% as of 1978 down to just 13% by the end of Deng Xiaoping’s time as Chairman in 1992 this drastic shift in peasant populations in relation to urban populations could be seen as one of Deng’s biggest success in transforming Communist China into a power capable of competing with the west by the turn of the century and Achieving a GDP of 1,194.722billion USD in 2000.
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