Boluan Fanzheng

Boluan Fanzheng was a period of significant sociopolitical reforms starting with the accession of Deng Xiaoping to the paramount leadership in China in 1978. During this period, a far-reaching program of reforms was undertaken by Deng and his allies to "correct the mistakes of the Cultural Revolution", and restore order in the country. The start of the Boluan Fanzheng period is regarded as an inflection point in Chinese history, with its cultural adjustments later proven to be the bedrock upon which the parallel economic reform and opening up could take place. As such, aspects of a free market economy were successfully introduced to the Chinese economy, giving rise to a period of growth often characterized as one of the most impressive economic achievements in human history.