ðə dˈɛŋ zˈaɪəəpˌɪŋ θˈiəɹi plˈeɪd ɐ kɹˈuːʃəl ɹˈoʊl ɪn tɹænsfˈɔːɹmɪŋ tʃˈaɪnə fɹʌm ɪts pɹˈiːviəsli stˈeɪtˈoʊnd kəmˈænd ɪkˈɑːnəmi tʊ ɐ sˈoʊʃəlˌɪst mˈɑːɹkɪt ɪkˈɑːnəmi, wˌɪtʃ ɹɪzˈʌltᵻd ɪn ɐ ɹˈæpɪd ˈɪŋkɹiːs ɪn ˌiːkənˈɑːmɪk ɡɹˈoʊθ wɪðˌɪn ðə kˈʌntɹi, nˈoʊn æz ðə "tʃaɪnˈiːz ˌiːkənˈɑːmɪk mˈɪɹəkəl".
The Deng Xiaoping theory played a crucial role in transforming China from its previously state-owned command economy to a socialist market economy, which resulted in a rapid increase in economic growth within the country, known as the "Chinese economic miracle".