On 13 December, 1978, not long after China was out of the grip of Mao’s Cultural Revolution, then-leader Deng Xiaoping delivered a radical speech to his Communist Party proposing China learn from richer countries, allow workers and peasants to compete to get ahead, and give enterprises the power to make decisions or try new ventures.
Just five days later, a council of 300 party elite agreed to adopt Deng’s vision, and China kicked off its journey from economic seclusion to becoming the world’s factory.