Question

What are the two phases of China?

Answer 1

Zhao Xiaojin , a senior official at China aerospace science and technology explained that the nation 's two phases chang'e 4 mission is being readied to launch this year.

Answer 2

The two phases of China are the liberlization period and the Gershenkron period.

• In the late 1970's China pushed through a series of liberalizing reforms which was an attempt to create social capital.
• By eliminating laws that severely restricted Chinese people's ability to behave productively, these reforms unleashed an explosion of economic activity that created tremendous wealth.
• However, as Chinese productive undertaking increased it started to run into infrastructure and power constraints. This began the second phase of China 's amazing growth.
• It was characterized by domestic resource gathering to fund an investment bubble aiming to build both capacity and infrastructure. China embarked on a mission to resolve the constraints as described by Alexander Gershenkron.