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this post was submitted on 03 Jan 2025
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askchapo
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This is from 2021, but probably covers what you are asking about: https://redsails.org/china-has-billionaires/
Basically, socialism with Chinese characteristics is an effort to synthesize a better methodology that avoids known pitfalls of other attempts and is very specific to the material conditions that exist.
From Deng to Xi, let them cook.
Deng's biggest L was the stuff with Cambodia - not much "good" from that and obviously while it's fallout from the Sino-Soviet split, friendship with Vietnam would have been superior (just thinkin bout that Season 5 of Blowback). Domestically though, I basically fully agree here - let them cook, it can't be worse than Amerikkka
I agree, though I wonder if at the time there was concern that failing to align with US client states would jeopardize foreign investment.