The Conscience of the Party: A definitive biography of Hu Yaobang

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The Conscience of the Party: A definitive biography of Hu Yaobang - Business Standard

Quick Summary:

It was only in 1992 that Deng Xiaoping undertook his much publicised “southern tour” to validate the economic reforms, in particular, the setting up of special economic zones and the promotion of foreign investment.

This was followed by the promotion of the village and township enterprise system and informal local markets, which sowed the seeds of the dynamic private sector economy that powered China’s later and rapid economic transformation.

Deng Xiaoping was able to engineer his removal from party leadership by mobilising the geriatric but still influential party leaders.