this post was submitted on 23 Oct 2023
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GenZhou
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something very important that i think you forgot to mention was the end of the eastern block after the dissolution of ussr.
this left not only china but the remaining socialist countries in extremely difficulty positions, specially when they were underdeveloped because of years of war and colonial occupation, so they had to make concessions, the only one that didn't made any was the based republic of peoples korea.