but rather because Nixon pact of 1972
No,
China developed from 1978 when Den xiaoping took over and switched from collective ownership to private ownership,that attracted investment and massive growth to present day,
Without Prejudice.
Your statement is true but false. Any fair assessment of the rapprochement between the United States and China must be viewed in its historical context, that is, it's a continuum in analysis. Practically every historian and economist of note looks at that 1972 Beijing meeting between Nixon-Mao-Zhou Enlai as the seminal meeting that ensured that China began the process of becoming deeply integrated into the world economic and financial system. So I would venture that 1972 precedes 1978.
Now, of course, I have to rightfully give it to Deng Xiaoping as the man who instituted and implemented China's long overdue economic reforms aka the architect of China's economic renaissance.
P.S. I note that you truncated my statement to give credence to what you are trying to put forth.
Why did then did we not see these economic reforms for 6 years after Nixon visit?
Its because Mao and his grouping never believed in free market.France educated Den Xiaoping (Who mao tzedong never liked and fired twice) conducted a civillian coup in a 1978 meeting and ousted Mao Tzedong communist remnants and immediately switched china from collectivism to private ownership and as they say,the rest is history.
Without Prejudice.
I think it's always good practice to put pressure on
all your beliefs, social, political, economic, scientific, and philosophical. Take a position or proposition(s) and then try to separate what you know from what you believe.
I'll try.
As I've stated, the Nixon-Mao-Zhou Enlai 1972 meeting set the stage for
rapprochment in Sino-American relations whose actual focus was more about Sino-Soviet relations, which were worsening by the day. Thereafter China began piecemeal
reforms that also included China's slow integration into the world economic and financial system. What period? The period from 1973 into 1976. Did these nascent reforms go far enough? Absolutely not.
Enter Deng Xiaoping and his
major reforms of 1978. Now go back to 1972 and understand why Deng Xiaoping was a beneficiary of the Nixon-Mao-Zhou Enlai detente
6 years earlier. Clearly Deng implemented what Mao and Zhou Enlai had recognized but failed to do - that China needed to exploit the West as a source of investments, technology and export markets, and the corollary being that the West + Japan realised the need to tap into the vast economic market that China presented and thus begun investing large sums of capital in Chinese factories and development.
In sum, your proposition remains
true but false and that holds quite well.
P.S. There is a
critical point that I've chosen not to include here.
