1. Anne Stevenson-Yang recounts China’s transition from a poverty-stricken Maoist culture to an export-driven economy. Deng Xiaoping initiated this shift to acquire hard currency, establishing Special Economic Zones like Shenzhen. This era birthed an elit

1. Anne Stevenson-Yang recounts China’s transition from a poverty-stricken Maoist culture to an export-driven economy. Deng Xiaoping initiated this shift to acquire hard currency, establishing Special Economic Zones like Shenzhen. This era birthed an elite class of well-connected officials who began separating capital from traditional ministries. (1)
1903