Of course, that is correct from the mainstream views held by the mainstream academia.
However, since we are gathered here on this particular board, here's a tin foil hat version:
①
During 1950s
The wealthiest faction of top-tier bankers: Gentlemen, in this rate we will have the society where any peasants can generate success, join higher rank guilds, and subscribe the fruits of life. And we just can't continuously have wars either. Before it's too late, we must look for a society or a nation and run a test how far autocracy can prevail. We're not just looking to build an updated version of medieval feudalism. This is an aspirations of world domination.
②
1960s-70s
????
"Whatever the price of the Chinese Revolution, it has obviously succeeded not only in producing more efficient and dedicated administration, but also in fostering high morale and community of purpose." — David Rockefeller [LINK]
③
At the beginning of 1970s
George HW Bush: (To those wealthiest of top-tier bankers) Hey guys. I'm not sure you remember me but I'm a Bush's son. Union Banking Corporation? Haha, I'm great. Thanks. Anyway, I just admire what you guys are doing, so would love to be any help of some kind. Thanks in advance!
④
1970s-80s
See what had happened with George HW Bush and what he was doing especially in related to China and the US foreign policy mechanisms.
⑤
At the end of 1980s
All the parties involved: This is a critical period for our project. One thing we cannot allow is the westernization of this great society. Hence we would need to educate Chinese people before proceeding any further. Any thoughts?
Jiang Zemin: I got an idea. And I guarantee that your objective will be fulfilled. In return, instead of Li Peng, let me work as the General Secretary of the CCP.
Said bankers to the Bushes, the POTUS, & the other willing factions in the US bureaucrats (and also possibly to the military complex of Israel): Now you're going to bring China into the world's mainstream and also going to rapidly enrich the nation financially. This should be accompanied by you helping to furnish the nation with top technologically advanced measures. And it should be for every possible layers. Why? Hm. I now know who the ignorants are. It's because China is going to be our next new hub: The nation would be most capable and it should admired. So all the other nations will willingly apply China's systems to their own. What do YOU get in return? Money & power, of course. If successful, you can finally sit with us.
⑦
1990s
Selling the US's & UK's intelligence analysis and military technology & classified information has started to flourish.
Although there were many other nations that offered the similar or same labour cost as China's such as Indonesia and Thailand, many many businesses (almost all businesses in fact) started to move the factory to China even with forced technology transfer.
Of course, that is correct from the mainstream views held by the mainstream academia.
However, since we are gathered here on this particular board, here's a tin foil hat version:
①
During 1950s
The wealthiest faction of top-tier bankers: Gentlemen, in this rate we will have the society where any peasants can generate success, join higher rank guilds, and subscribe the fruits of life. And we just can't continuously have wars either. Before it's too late, we must look for a society or a nation and run a test how far autocracy can prevail. We're not just looking to build an updated version of medieval feudalism. This is an aspirations of world domination.
②
1960s-70s
????
"Whatever the price of the Chinese Revolution, it has obviously succeeded not only in producing more efficient and dedicated administration, but also in fostering high morale and community of purpose." — David Rockefeller [LINK]
③
At the beginning of 1970s
George HW Bush: (To those wealthiest of top-tier bankers) Hey guys. I'm not sure you remember me but I'm a Bush's son. Union Banking Corporation? Haha, I'm great. Thanks. Anyway, I just admire what you guys are doing, so would love to be any help of some kind. Thanks in advance!
④
1970s-80s
See what had happened with George HW Bush and what he was doing especially in related to China and the US foreign policy mechanisms.
⑤
At the end of 1980s
All the parties involved: This is a critical period for our project. One thing we cannot allow is the westernization of this great society. Hence we would need to educate Chinese people before proceeding any further. Any thoughts?
Jiang Zemin: I got an idea. And I guarantee that your objective will be fulfilled. In return, instead of Li Peng, let me work as the General Secretary of the CCP.
Tiananmen Square Massacre ensued.
⑥
At the beginning of 1990s
Said bankers to the Bushes, the POTUS, & the other willing factions in the US bureaucrats (and also possibly to the military complex of Israel): Now you're going to bring China into the world's mainstream and also going to rapidly enrich the nation financially. This should be accompanied by you helping to furnish the nation with top technologically advanced measures. And it should be for every possible layers. Why? Hm. I now know who the ignorants are. It's because China is going to be our next new hub: The nation would be most capable and it should admired. So all the other nations will willingly apply China's systems to their own. What do YOU get in return? Money & power, of course. If successful, you can finally sit with us.
⑦
1990s
Selling the US's & UK's intelligence analysis and military technology & classified information has started to flourish.
1 USD to CNY: 5.8 → 8.8 > Asian financial crisis
Although there were many other nations that offered the similar or same labour cost as China's such as Indonesia and Thailand, many many businesses (almost all businesses in fact) started to move the factory to China even with forced technology transfer.
⑧
2000s
China became a member of WTO on Dec 11, 2001