ABSTRACT
This chapter explores the post-1949 Economic Statecraft Model in China, characterized as Marxist-Developmentalist with Chinese Characteristics. Mao Zedong's economic statecraft was distinctly Marxist. His priority was to eliminate capitalism and defeat imperialism. Mao Zedong's approach to economic statecraft was a unique blend of Marxist principles, adapted to align with China's specific needs and circumstances, and influenced by the nation's rich traditional history. This synthesis allowed him to craft policies that reflected both the revolutionary ideals of Marxism and the enduring lessons from China's historical experiences. While Deng Xiaoping was also a Marxist, his approach to economic statecraft diverged significantly from Mao's doctrines, focusing instead on developmental pragmatism. Under Deng's guidance, China's economic policy shifted toward a market economy and global engagement. His chosen successors, Jiang Zemin and Hu Jintao, continued to adhere to and expand upon these developmental strategies. Deng Xiaoping's approach to economic statecraft, emphasizing reform, opening up, and pragmatic engagement with the global economy, is widely regarded as one of the most successful in China's post-1949 history.
