Trace the balance between free enterprise and central planning from 1945 to 1993 in china
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Ques 6 The P.R.C. since the 1980’s has welcomed the foreign investment of hundreds of billions of (U.S.A) dollars from countries that are their ideological opponents.
(i) How did China become one of the largest economy of world?
(i) Trace the balance between free enterprise and central planning from 1945 to 1993 in China.
(ii) Identify the nature of Socialist State of China.
Ans:
(i) One major driver behind China's economic rise was its massive network of factories that churned out everything from toys to mobile phones for consumers all over the world.