Episode 40: 1978 China - the emergence of an Economic Power

In 1978 Deng Xiaoping becomes China's new leader after the death of Mao Zedong in 1976. He takes on a pragmatic approach towards reform, opening up SEZs (Special Economic Zones along the Pearl River Delta, overlooking Hong Kong. It's an experiment and will be expanded to other parts of the country, if successful. Hong Kong and Taiwan show interest and invest, triggering the biggest economic turnaround in history.