The world is right to admire China’s enormous economic progress. Within half a generation, the middle kingdom has moved from an impoverished nation to the second most powerful economy in the world. The key to this astounding progress lies with the economic reforms of China’s leader Deng Xiaoping. Deng knew that the ideological fervour, which had been the hallmark of Mao Zedong’s regime, had destroyed his country and that only a determined change towards pragmatism would open the path towards a brighter future. Deng Xiaoping was successful and today a large part of the Chinese population is enjoying a living standard that only a few decades ago had belonged to the realm of dreams.
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