show with two example how China has opened his economy with other countries
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Answer:
Economists generally attribute much of China's rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth. ... The large level of domestic savings has enabled China to support a high level of investment
Explanation:
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Answer:
Most important, China has become more open to foreign direct investment than any other country in East Asia. Indeed if judged by the magnitude of these inflows it is one of the most open emerging market economies in the world.
Economists generally attribute much of China's rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth. ... The large level of domestic savings has enabled China to support a high level of investment.
Explanation:
The Introduction of Economic Reforms
Beginning in 1979, China launched several economic reforms. The central government initiated price and ownership incentives for farmers, which enabled them to sell a portion of their crops on the free market. ... Trade liberalization was also a major key to China's economic success.
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