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1978

China. Two years after the death of Mao Zedong, leader Deng Xiaoping persuaded his colleagues to adopt a radically different approach to government and administration from the Marxist approach of his predecessor. Private property was permitted, central planning was partially abandoned, and international trade and private enterprise were opened up. This was a Chinese authoritarianism with some capitalist characteristics. It would change everything for China in the following decades, causing a prolonged economic boom and bringing prosperity throughout the country.