Question

(i) Enumerate the reasons of success of structural reforms in China.
(ii) Enumerate the failures of the structural reforms in China.​

Answer 1

Answer:

i) China's economy has enjoyed 30 years of explosive growth, making it the world's largest. 1 Its success was based on a mixed economy that incorporated limited capitalism within a command economy. The Chinese government's spending has been a significant driver of its growth.

ii) During the pre-reform period, Chinese agricultural performance was extremely poor and food shortages were common. After Deng Xiaoping implemented the household responsibility system, agricultural output increased by 8.2% a year, compared with 2.7% in the pre-reform period, despite a decrease in the area of land used.Hope

Explanation:

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