Cat theory (Deng Xiaoping)
Deng Xiaoping's cat theory is an economic philosophy which states, "it doesn't matter if a cat is black or white, if it catches mice it's a good cat ".
Deng argued that a planned economy or a market economy is only a tool for distributing resources and has nothing to do with political institutions. In other words, socialism can have a market economy, and capitalism can have a planned economy. The cat theory gained widespread recognition within Chinese society after Deng Xiaoping's southern tour in 1992 and became an underlying ideology of China's reform and opening up.
History
Initial proposal
In 1962, Deng Xiaoping, then vice premier of China, quoted a Chinese proverb, "it doesn't matter if a cat is black or yellow, as long as it catches mice" as an endorsement for the economic reform policy "sanzi yibao ". The economic reform was initiated after the disastrous Great Leap Forward, which led to the Great Chinese Famine.On 7 July 1962, Deng elaborated further in an article "How to Recover Agricultural Production ":However, during the Cultural Revolution, the cat theory became one of Deng's "crimes", and he was purged twice by Mao Zedong.
The origin of the proverb itself can be traced back to the book Strange Tales from a Chinese Studio, written by Pu Songling during the Qing dynasty.