Deng Xiaoping, the former Chinese Communist Party (CCP) leader, is synonymous with China’s economic reform policies that were rolled out in 1978, which opened up the country to foreign businesses and investment.
This year marks the 40th anniversary of the policies’ introduction, with Chinese state-run media boasting that the reforms have led to a “prosperous China.” However, the reality is that the Chinese economy may now be headed in the opposite direction and further away from Western economic models.
