Question
How has modern China become a world economic power?
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VerifiedSolution A
Solution B
Answered 2 years ago
The Chinese government has adopted a policy that insisted on economic growth and the suppression of political dissidents. The government shut down those companies that were inefficient. There is a growing presence of foreign companies. The stock market was opened and China strengthened international trade relations.
Answered 2 years ago
Growth rates in industry have remained high and domestic capital has become available to compete with the growing presence of foreign enterprises. Inefficient state enterprises have also been shut down, stock market has been opened, and international trade relations have been strengthened. This has also meant low salaries and poor working conditions.
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