China's Neoliberal Turn - 1978

In the late 1970s, as Britain, America and other wealthy countries were developing free market solutions to the problems of inflation and low growth, China selected aspects of capitalism to incorporate into its economy, while maintaining the fiction that it was a communist society. This podcast explores how China transformed the world economy in the 1980s as a result. Become a member at https://plus.acast.com/s/explaininghistory. Hosted on Acast. See acast.com/privacy for more information.