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RE: LeoThread 2025-02-21 21:57

in LeoFinance5 months ago

Part 4/10:

The real divergence in economic growth between India and China occurred following two defining events. For China, this pivotal moment was in 1978, with the rise of Deng Xiaoping, who introduced market-oriented reforms transitioning the nation from a command economy to a socialist market economy. These changes encouraged private enterprise, motivated agricultural productivity, and catalyzed the economic miracle known as the "Reform and Opening-up" era.