Editorial: China Knows WhatIt Wants. Do We?
November 1978, Chinese leader Deng Xiaoping visited Singapore on a diplomatic mission. Impressed by the prosperity he had seen, Deng concluded that Maoist economics did not work. On his return to China, he told his officials to study Singapore and to do better than them. Deng subsequently opened up China to foreign investment. Decades later, […] The post Editorial: China Knows WhatIt Wants. Do We? appeared first on The Namibian .
November 1978, Chinese leader Deng Xiaoping visited Singapore on a diplomatic mission.
Impressed by the prosperity he had seen, Deng concluded that Maoist economics did not work. On his return to China, he told his officials to study Singapore and to do better than them.
Deng subsequently opened up China to foreign investment.
Decades later, Lee Kuan Yew, Singapore’s then prime minister, would call Deng the greatest man he had met, praising him for admitting late in life that “Marxism, Leninism, Maoism, they are just not working and have to be abandoned”.
China has been one of Namibia’s key trading partners for decades, and there have been concerns that the terms often favour Beijing.
