What major change did China implement 40 years ago that significantly impacted its economy?

China's Economic Transformation and Policies

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Business
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10th - 12th Grade
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Hard

Patricia Brown
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Banned foreign investments
Opened its economy to the world
Adopted a multi-party political system
Increased military spending
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What stance did President Xi Jinping take regarding China's political system during his speech?
He announced plans to reduce state control
He vowed to maintain the one-party system
He promised to introduce a multi-party system
He agreed to take orders from other countries
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which leader is credited with laying the foundation for China's economic transformation?
Deng Xiaoping
Hu Jintao
Xi Jinping
Mao Zedong
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was one of Deng Xiaoping's key economic policies?
Banning private companies
Reducing foreign trade
Creating special economic zones
Nationalizing all industries
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What significant social change has occurred in China over the past four decades?
Reduction in income inequality
Decline in overall prosperity
Mass migration to megacities
Decrease in urban population
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has China's economic opening benefited its people?
Increased military power
Improved living standards
Decreased foreign trade
Reduced urbanization
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been a major criticism of China's economic growth model?
It has decreased foreign investment
It has come at a high environmental cost
It has reduced state influence over trade
It has led to increased political freedom
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common complaint from foreign companies about China's trade practices?
Too much state influence
Limited market access
Lack of skilled labor
High import tariffs
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been an illusory hope regarding China's market economy?
It would lead to more democracy
It would reduce environmental damage
It would increase state control
It would decrease foreign investment
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