The Third Plenary Session of the CPC 11th Central Committee held at the end of 1978 represented a great turning point of profound significance in the history of New China. Since 1979, China has pursued a policy of reform and opening to the outside world, a policy which was initiated by Deng Xiaoping. Major efforts have been made to readjust the economic structure, and reform the economic and political systems. China is, step by step, establishing a road with Chinese characteristics, a road that will lead to socialist modernization.
Great changes have come about in China since 1979. The situation in the country is the best ever, and the people are enjoying more material benefits than ever before.