Deng Xiaoping

Real World Example

Deng Xiaoping was a major Chinese leader who helped transform China's economy by introducing significant reforms from 1978 to 1989. He shifted China from a strict communist system to a more open, market-based economy, which led to rapid economic growth. Deng's actions mattered because they opened China to the global market, leading to increased trade and improved living standards for millions of people. Today, his legacy continues as China remains a major player in the global economy, influencing how people worldwide access affordable products, like electronics. For example, many smartphones are produced in China, making them more affordable for people everywhere, thanks to the economic changes Deng initiated.