Martin Jacques, the British academic and author of When China Rules the World, believes 1978 was the year in which the world we are living in today began to take shape. The policy welcomed foreign investment, with multinational companies from around the world launching operations in China through joint ventures. “They had been the dynamo of China’s economy up to the 1920s and (also drove) other East Asian economies,” he said. As people look back to 1978, Brown, also author of China’s World: What Does China Want?, said it is important to remember and reflect on Deng’s leadership. “Through his reforms China has emerged as a country that once again is a force in the world.

Source: Philippine Daily Inquirer December 18, 2018 09:11 UTC