Economy, asked by adithyaram9918, 1 year ago

Explain any four steps taken by china that led to the rise of its economy.

Answers

Answered by sshreyass2002
8

1) 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.

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