Video: Socialist or capitalist? Development is hard truth!

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  • CGTN published this video item, entitled “Video: Socialist or capitalist? Development is hard truth!” – below is their description.

    “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.

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    In This Story: China

    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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