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The cat theory (simplified Chinese: 猫论; traditional Chinese: 貓論) of Deng Xiaoping, the paramount leader of China between 1978 and 1989, is a pragmatic economic philosophy which can be summarized by "it doesn't matter if a cat is black or white, if it catches mice it's a good cat" (不管黑猫白猫,能捉到老鼠就是好猫)".[1][2][3] Deng argued that a planned economy or a market economy are only tools for distributing resources and have nothing to do with political institutions, in other words socialism can have markets and capitalism can have planning.[4] The cat theory became widely known within the Chinese society after Deng Xiaoping's southern tour in 1992, and was an underlying ideology guiding the reform and opening of China.[5][6][7]
Deng, however, sponsored the 'cat theory,' namely, that 'a cat, whether it is white or black, is good as long as it is able to catch mice.'
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