China After Mao
Economic development programs in China in the period from 1978 with Deng Xiaoping's announcement of the Four Modernizations program to 1985. Deng Xiaoping opened China up to the extent of foreign loans and foreign technical assistance, but the Government still envisioned that the development would still be directed through tight central planning. The Ten-Year Plan resullted in some major failures and slowly the government began to allow development projects to be created on the local level. Often these local projects involved funding and management by firms from outside of China. It was with this shift away from central planning that China extraordinary economic development began.