Abstract

This study dwells on China's economic transformation by Deng Xiaoping’s administration. Using several extant studies, the paper established a historical link by discussing the economy of China before the Deng era. The economic reforms of his administration have been analysed. The paper emphasises de-collectivisation, special economic zones, reform of state-owned enterprises, foreign trade and investment, market liberalisation, and human capital development. It studies the challenges of his administration ranging from income inequality, environmental degradation, corruption, state sector inefficiencies, labour rights abuses, regional discrepancies, and dependencies on export-led growth. The study advances some lessons for contemporary Nigerian leaders for enhancing Nigerian economic development. It concludes that Deng’s economic reforms had pros and cons but contributed significantly to the transformation of China’s economy.

Keywords: Deng Xiaoping; Economic Transformation; China; Lessons; Contemporary Nigeria