Economic Cycles and Political Change in Russia and China-Assignment help

Reading comment 1:

As Baum’s article suggest that Deng initially wanted a hybrid of “Socialism with Chinese characteristics”, where he believed to develop robust and competitive markets in China [1]. However, with the practice of Fang/ Shou cycle, he was unable to bring a successor from young cadres for policy making as veteran conservatives would pressure him to remain at frontlines. However, his policies are flawed in a sense that he himself promoted the idea of “Let some get rich first” which helped to develop economic areas like Shanghai, however China’s huge population live in rural areas that are often overlooked [2].

[1] Socialism with Chinese Characteristics | The Center for Strategic Translation. (n.d.). https://www.strategictranslation.org/glossary/socialism-with-chinese-characteristics

[2] Qiao, X. (2016, November). The Logical Demonstration on the" First Rich Rich Rich Together" Theory Management. In 4th International Conference on Management Science, Education Technology, Arts, Social Science and Economics 2016 (pp. 1200-1205). Atlantis Press.