Course of Reforms
Economic reforms began after Deng Xiaoping and his reformist allies ousted the Gang of Four Maoist faction. By the time Deng took power, there was widespread support among the elite for economic reforms. As the facto leader, Deng's policies faced opposition from party conservatives but were extremely successful in increasing the country's wealth.
Read more about this topic: Chinese Economic Reform
Famous quotes containing the word reforms:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)