22 July 1977: Deng Xiaoping takes power in China

After the death of Mao Zedong, Deng Xiaoping returned to power on this day in 1977 to lead China in to a new age of reform and prosperity.

Deng Xiaoping © Sovfoto/Universal Images Group via Getty Images
Deng Xiaoping: led China through widespread reforms
(Image credit: ©  Getty Images)

Mao Zedong, Communist revolutionary and founding father of the People's Republic of China, governed the country with an iron rod from the day it was founded in 1949 until he died in 1976.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up
Latest Videos FromMoneyWeek
Ben Judge
Contributor