Abstract
The chapter discusses the strategy of domestic development of The People's Republic of China and the New International Economic Order. At the beginning of the 1980s, the People's Republic of China entered a new stage of development. It has embarked on an immense and complex program to modernize its economy by the end of the century. The general goals of this program, called the Four Modernizations (modernization of industry, agriculture, science and technology, and national defense), were first enunciated by the late Premier Zhou-En lai to the National People's Congress in 1964, and reaffirmed and elaborated in January 1975. However, it was not until after the final excision of ultra-left politics in 1976 that the program was revived and gotten underway. By that time, modernization had taken on new meaning and greater urgency because of the loss of a crucial decade during which the PRC's economy fluctuated and marked time, while technological progress in the advanced industrial countries moved at an increased pace far exceeding that of previous decades.
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