President Obama is now in Asia. The highlight of his visit is China.
When Chairman Mao died in 1976, China was a backward country with severe poverty, devastated by the Culture Revolution. In 1978, Deng Xiaoping became the leader of China. Deng visited the U.S. in 1979, the first official visit for a leader of China since the establishment of the People's Republic in 1949. He was very impressed by the infrastructure in the United States. Upon his returning to China, he urged his countrymen to learn from Americans.
What a difference three decades make. Progresses in China during these years are unprecedented: Millions are lifted from poverty; international trade flourishes; and foreign reserve leaps from non-existence to the biggest in the world. China is now the biggest creditor of the U.S.
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