The Year 1979 in My Life

Summary

In 1984, China experienced a significant breakthrough in its reform and opening up policy. The year marked a comprehensive consensus on economic transformations, including the renaming of collective enterprises to township enterprises and implementing the contracting and dual-track systems. Key developments included Deng Xiaoping's public use of the term "reform and opening up" and inspections in economic special zones like Shenzhen and Zhuhai. This period saw the emergence of business entrepreneurs and laid the groundwork for China's future economic development, symbolizing a pivotal moment of ideological and economic transition.

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