Question

11- Which measure the Chinese leadership took in the post-Tiananmen episode of market reforms had the effect of improving the profitability of SOEs, establishing market based employer-employee relationship, and significantly degrading social security for the country’s urban population?

Answer 1

11- Which measure the Chinese leadership took in the post-Tiananmen episode of market reforms had the effect of improving the profitability of SOEs, establishing market based employer-employee relationship, and significantly degrading social security for the country’s urban population?

Answer: in the pre reform period we can observe that there was a kind of dictatorship in Chinese economy, overall agricultural output was not increasing economic growth was slowing down in the pre reform period there was Xi Jinping he was more focused on heavy industry , in his government was more focused on industrial growth they were less concern with agriculture and at that time there was restrictions on trade so overall economic growth is low at that time after that Dang xia pring came into power in his governance they were more focused on agricultural development and social welfare, in the post reform period economy was open up for trade and economic growth widen up in that period also. That period is more or less socialist.

Due to opening up trade as there was migration of people from other places to China leads to increase in population of Chinese economy this will leads to shortage of foodgrains and also competition also increased because no of people due migrant increase.

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