explain any four
steps taken by China that led to the rise of its economy
Answers
Answer:
) Currency devaluation to improve exports.
Currency devaluation results in cost decrease of export products. Hence encouraging it.
2) Providing capital at low cost for new start-ups.
It offers cuts in water cost and electricity cost or decreases in land revenue at particular rate upto fixed number of years increased start ups and expanded economy.
3) Improving logistics.
From 2006 to 2015 China built 87 mass trannit railways totalling to 3,100 km. Metro connectivity from city to city improved mainly for transport of products. You can reach Beijing from shangai and back in no time because of metro.
4) Holding a position in global market and improving competition in trade within country.
Answer:
Explain any four steps taken by China that led to the rise of its economy.
Answer
China transformed its economic policy and introduced a new market economy. The new policies proved to be remarkable.
1. It created Socio Economic Zones that raised the trade economy of the country.
2. It privatized its agriculture, which overall raised the economic level of the people.
3. It ensured free and open door policy by investing capital and technology from abroad.
4. It modernized its agriculture, science , industry and technology \sector.