Fast Facts
More
Which of the following accurately explains a consequence of economic liberalization policies in China?Which of the following accurately explains a consequence of economic liberalization policies in China? Economic liberalization in China created job growth on the east coast, causing migration from the west to the east.
When did China liberalize its economy?Led by Deng Xiaoping, often credited as the "General Architect", the reforms were launched by reformists within the Chinese Communist Party (CCP) on December 18, 1978, during the "Boluan Fanzheng" period.
What is the economic policy of China?China has been in transition for decades from a centrally planned economy, which had followed Soviet-style heavy industrialization for a time, toward becoming a more market-based economy. China adopted its reforms incrementally during this period.
What has happened to China's GDP since it began to reform its economy?Since China began to open up and reform its economy in 1978, GDP growth has averaged over 9 percent a year, and more than 800 million people have lifted themselves out of poverty. There have also been significant improvements in access to health, education, and other services over the same period.
|