Transforming China: A Journey Through 40 Years of Economic Reform

In 1978, Deng Xiaoping initiated economic reforms in China, blending socialist ideology with capitalist practices. These reforms, including private ownership and foreign investment, transformed China into a major global economy, lifting millions out of poverty. However, rapid development led to pollution, urbanization, and income inequality, leaving China with ongoing challenges.

What was the state of China's economy before Deng Xiaoping's reforms?

• It was the world's largest economy.

• It was highly industrialized.

• It was stagnant.

• It was rapidly growing.

What did Deng Xiaoping believe China needed to adopt to become prosperous?

• More socialist practices

• Capitalist practices

• Isolationist policies

• Increased military spending

What is 'socialism with Chinese characteristics'?

• A capitalist economy

• A military-based economy

• A mix of socialism and market economy

• A purely socialist economy

What was one of the key features of Deng's economic reforms?

• Abolishing private ownership

• Introducing a dual price system

• Nationalizing all businesses

• Closing the country to foreign investment

How did Deng Xiaoping handle resistance to his reforms?

• He abandoned the reforms.

• He compromised with conservatives.

• He forced many opponents into retirement.

• He left the Communist Party.

What was one of the outcomes of Deng's reforms by the 1990s?

• China's economy collapsed.

• China became a closed economy.

• Large-scale privatization of state-owned enterprises.

• China's population decreased.

What significant economic achievement did China reach over the past four decades?

• Its GDP decreased.

• Its GDP rose tenfold.

• Its GDP remained the same.

• Its GDP doubled.

How many people has China lifted out of poverty due to the reforms?

• 100 million

• 200 million

• 800 million

• 500 million

What is one of the negative consequences of China's rapid development?

• Increased pollution

• Decreased urbanization

• Decreased foreign investment

• Reduced income inequality

What percentage of China's wealth is held by the richest 1% of the population?

• 20%

• 30%

• 10%

• 40%