In 1979, he established full diplomatic relations with the US. Early on, Deng set out a 70-year plan to a) double incomes and ensure that the population would have enough food and clothing by the end of the 1980s, b) quadruple GDP per capita by the end of the 20th century (which was achieved in 1995, five years ahead of schedule), and c) increase per capita GDP to the levels of medium-level developed countries by 2050 (on the 100th anniversary of the PRC). He made it clear that China would achieve those goals by having a “socialist market economy,” which he also referred to as “socialism with
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