MAO and the CCP established an autocratic socialist system that, while ensuring the PRC's sovereignty, imposed strict controls over everyday life and launched agricultural, economic, political, and social policies - such as the Great Leap Forward (1958-1962) and the Cultural Revolution (1966-1976) - that cost the lives of millions of people. MAO died in 1976. Beginning in 1978, subsequent leaders DENG Xiaoping, JIANG Zemin, and HU Jintao focused on market-oriented economic development and opening up the country to foreign trade, while maintaining the rule of the CCP. Since the change, China has been among the world’s fastest growing economies, with real gross domestic product averaging over 9% growth annually through 2021, lifting an estimated 800 million people out of poverty, and dramatically improving overall living standards. By 2011, the PRC’s economy was the second largest in the world. The growth, however, has created considerable social displacement, adversely affected the country’s environment, and reduced the country’s natural resources. Current leader XI Jinping has continued these policies, but also has maintained tight political controls. Over the past decade, China has also increased its global outreach, including military deployments, participation in international organizations, and initiating a global connectivity initiative in 2013 called the "Belt and Road Initiative" (BRI). While many nations have signed on to BRI agreements to attract PRC investment, others have balked at the opaque lending behavior; weak environment, social, and governance (ESG) standards; and other practices that undermine local governance and foster corruption associated with some BRI-linked projects. XI Jinping assumed the positions of General Secretary of the Chinese Communist Party and Chairman of the Central Military Commission in 2012 and President in 2013. In March 2018, the PRC’s National People’s Congress passed an amendment abolishing presidential term limits, opening the door for XI to seek a third five-year term in 2023.