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China has earned respect and admiration around the world for the progress it has made over the last four decades. The reforms of opening-up, started by Deng Xiaoping in the year 1978, put China on the development path. Since then, China s per capita income has multiplied many times; rising from just $156 to $10,434 in 2020 and lifting 800 million people out of poverty. Economic transformation at this scale and speed surely has no precedence in human history and the Chinese people and the leadership of the Communist Party of China deserve credit for this.