Monday, January 24, 2005

China, Economic policy changes

In the late fall of 1976, the CCP leadership tried to bring some order to the country through a series of national conferences. They moved quickly to appeal to workers' interests by reinstating wage bonuses. The economy had stagnated in 1976 largely because of political turmoil, and Mao's successors were anxious to start things moving again. Despite some uncertainty, Deng was

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