Chinese Capitalism

Paper Summary:

When Deng Xiaoping came to power in the early 1980s, China was attempting to deal with the expanded capitalism that had been suggested as a result of the state visit of Richard Nixon and Henry Kissinger. By adopting a modified version of capitalism, known generally as "socialistic capitalism" Deng Xiaoping instituted wide-sweeping social and economic reforms in the attempt to turn a Communist society into one where personal income was not only accepted but seen as a logical goal (Nathan & Shi, 1996, 534).

From the Paper:

"THE OPEN DOOR POLICIES OF DENG XIAOPING

Introduction
When Deng Xiaoping came to power in the early 1980s, China was attempting to deal with the expanded capitalism that had been suggested as a result of the state visit of Richard Nixon and Henry Kissinger. By adopting a modified version of capitalism, known generally as "socialistic capitalism" Deng Xiaoping instituted wide-sweeping social and economic reforms in the attempt to turn a Communist society into one where personal income was not only accepted but seen as a logical goal (Nathan & Shi, 1996, 534). China, whose very name means "The Middle Kingdom" (as in the center of the world), having some 7,000 years worth of "adapting" quickly assumed some of the aspects of ..."

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