I changed the statement about economic decentralization since this wasn't an accurate description of the Deng Xiao-Ping reforms. Many of the reforms involve increasing centralization (for example the creation of a central bank). -- Chenyu
I'm not familiar with the reforms at all, but I don't think that saying that the creation of a central banks means centralization is accurate. Most free market aconomies have a Central Bank (in the case of the US it is called the Federal Reserve), often independent from the goverment that regulates the monetary policy, but doesn't take the place of the rest of the banks, If the central bank you mentioned has other functions, ignore this. Also, an economist should check that.