blind longing for development China losing the Opium War and Second Sino-Japanese War conducted reunification and found the People’s Republic of China by Mao Zedong. However the Cultural Revolution enforced for ten years caused chaos. Deng Xiaoping insisted that Black or white, any cat that catches mice is good. It means that no one cares if Capitalism is bad or good as long as it works. He introduced capitalism into the socialist market economy in China. Through the political and economical reforming and external opening china made economic development. Chinese economic reform enforced since 1978 encouraged foreign businessman to build factories in China with pools of cheap labor. To export product factories are built in the coast of eastern china like shanghai. Since Chinese government controlled overall economy, consumption, investment, and exportation have been going off well. But the behind the development is grave income inequality. Gini’s coefficient symbol of income inequality increases steadily since 1978. In 1978, gini coefficient was 0.317, but in 2015 gini coefficient is 0.462. In fact, 20 percent of the Chinese have 50 percent of whole Chinese income. This reformation experienced rapid economic growth externally, but it could not enhance social stability. Our 5-year economic development plan is also similar with Deng Xiaoping’s reformation. Korea achieved miracle on the Han River with light industry product export using pools of cheap labor. But it caused inter-regional inequality. The radical growth of economy regardless of social stability produces ill effects such as dictatorship, corruption and gap between the rich and poor. This being so, longing for development of the Chinese economy is not right.