Deng Xiaoping

Deng Xiaoping consolidated power and announced the policy of Reform and Opening-Up. This meeting marked the end of Maoist class struggle as the national priority and shifted focus to economic modernization, initiating market-oriented reforms.

Deng Xiaoping approved the creation of Special Economic Zones in Shenzhen, Zhuhai, Shantou, and Xiamen. These zones offered tax incentives and market freedoms to attract foreign investment and technology, serving as experimental laboratories for capitalist practices within a socialist framework.

Deng Xiaoping negotiated with British Prime Minister Margaret Thatcher to agree on the return of Hong Kong to Chinese sovereignty in 1997. The declaration established the 'One Country, Two Systems' principle, allowing Hong Kong to maintain its capitalist system for 50 years.

Deng Xiaoping authorized the military to suppress pro-democracy protests in Tiananmen Square. The crackdown resulted in hundreds of civilian deaths and injuries, leading to international condemnation and a tightening of political control while economic reforms continued.

Deng Xiaoping traveled to southern China to reaffirm the course of economic reform after conservative backlash. His speeches in Shenzhen and other cities revitalized market-oriented policies, accelerating foreign investment and pushing China toward a socialist market economy.