Which of the following policies was NOT adopted under China’s economic reform since 1978? A. Establishing...

Which of the following policies was NOT adopted under China’s economic reform since 1978?

A. Establishing export processing zones to promote export-oriented industrialization

B. Privatizing state-owned enterprises and removing government control over the financial sector

C. “Opening the Door” to the West and utilizing foreign direct investment

D. Reforming the agriculture sector by introducing market mechanisms gradually

Solutions

Expert Solution

Solution: Option-b

Explanation: China’s economic reform since 1978 included opening the door for Western firms for the capitalization, cultivation of a market mechanism in the agriculture sector, establishment of export processing zones, and intervention of government in the financial system remains widespread

Rahul Sunny answered 1 year ago

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