Deng Xiaoping

Definition

Deng Xiaoping was a Chinese politician who served as the leader of the People's Republic of China from 1978 until his retirement in 1989. He is known for implementing significant economic reforms that opened China up to foreign investment and market-based principles while maintaining strict Communist Party control over government.

Related terms

Economic Reform: Changes made to an economy by a government in order to improve its performance and efficiency.

Communism: A political theory derived from Karl Marx advocating class war leading to a society where all property is publicly owned and each person works according to their abilities and needs.

Socialism with Chinese Characteristics: The official ideology of the People's Republic of China based on Marxism-Leninism but adapted with elements like opening up markets for greater foreign trade and investment.