Video: Socialist or capitalist? Development is hard truth!
"It doesn't matter if a cat is black or white so long as it catches mice." The late Chinese leader Deng Xiaoping's words go straight to the truth of China's rapid growth – the country has chosen a development path that suits its actual conditions. In the early days of development, the planned economy enabled China to pool the resources needed to build a national industrial system. But as China entered a new developmental stage, it shifted focus to opening-up to drive its industrialization to a higher level.