How did the Chinese leadership end its political and economic isolation with the world?
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Explanation: China had adopted Soviet model of economy. Despite development, China faced economic crisis as industrial production was not growing fast, international trade was minimal. Under these situations some major pplicy decisions were taken-
1. China established relations with the US in 1972.
2. China proposed four areas of modernisation as agriculture, industry, science and technology in 1973.
3. Open door policy was introduced to generate higher productivity by investment of capital and technology from abroad.
4. Privatisation of agriculture and industry in 1982 and 1998.
5. China set Special Economic Zones to remove trade barriers.
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