Chinaownseverything
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Oh BS, what was wrong with Liu Xiaoqi and Deng Xiaoping's early attempts at economic reform? They cannot be compared in any way with what happened to russia. They were the same gradualist reforms that got put in place later and which resulted in China's prosperity today. These reforms just got senselessly delayed 25 years because Mao wouldn't die soon enough.
You do realize that most of China's rapid growth came from direct foreign investment right? Why do you think people invested in 1970 China instead of places like the middle east or India? Why did they choose to build their factories in China? because China ALREADY had an industrial base and trained workers, something that China achieved through collectivization. Anybody could build a factory and be ensured that they will have skilled workers to run it along with a steady supply of electricity to keep it running as well as a freight service to ship raw materials. Things that Mao built through collectivization. There are stable governments in the middle east and Africa but nobody builds factories there because China has everything already.
You do realize that most of these reforms are not being used today right?
Chinese economic reform - Wikipedia, the free encyclopedia
With the ascension of the conservative Hu-Wen Administration in 2002, many of Deng Xiaoping's reforms were reversed.[3] Observers note that the government adopted a more egalitarian and populist bent.[20] The government re-nationalized health care[21], halted privatization[3], and adopted a loose monetary policy, which lead to the formation of a U.S.-style property bubble in which property prices tripled.[22] The privileged state sector was the primary recipient of government investment, which under the new administration promoted the rise of large "national champions" which could compete with large foreign corporations.[3]