The policy shift also appears to have been prompted by recognition that the incomes of ordinary Chinese were so low, in comparison with incomes in other Asian economies, that the future of the Chinese state and the communist regime would be in jeopardy unless something was done to raise living standards of its people through economic growth. The obvious aim of this policy shift was to rebuild its economy and society that were devastated by the Cultural Revolution. Under the leadership of Deng Xiaoping, who had returned to the political arena after his three previous defeats, the Chinese government began to pursue an open-door policy, in which it adopted a stance to achieve economic growth through the active introduction of foreign capital and technology while maintaining its commitment to socialism. The reform and open-door policy of China began with the adoption of a new economic development strategy at the Third Plenary Session of the 11th Central Committee of the Chinese Communist Party (CCPCC) in late 1978. The Chinese Economy since the Start of the Reform and Open-door Policy Shigeo Kobayashi, Jia Baobo and Junya Sanoġ. MThe "Three Reforms" in China: Progress and Outlook Sakura Institute of Research, Inc.
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