The Chinese Market Reform of 1970

Edison Yang, Crisis Director

eey2016@nyu.edu

For much of its modern history, China has been defined by a closed economy largely isolated from the rest of the world. A tradition that has persisted throughout the transition from the Republic of China to the People's Republic of China following the Chinese Civil War. However, as the conflict subsides, the Chinese leadership senses that its only way to remain competitive in an increasingly globalized world and economy is to open itself to that world. Under Deng Xiaoping's leadership, the CCP began the rapid reformation and opening up of the Chinese economy to the rest of the world, resulting in massive economic growth, social upheaval, and a new China. This committee will have a particular focus on the reforms made in the 1990s (policies introduced after Deng's Southern tour), as the process of China's opening up began in the late 1970s and was revived in the 1990s.