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Question
in what ways did china change economically under the four modernizations program? check all that apply.
□ china became more open to foreign trade and investment.
□ the government allowed some private ownership of business.
□ all planning of the economy was done by the government.
□ all businesses switched from public ownership to private ownership.
□ the government designated certain areas as special economic zones.
□ the economic system completely changed from communism to capitalism.
- "China became more open to foreign trade and investment" is correct as the Four Modernizations and subsequent reforms opened China to global trade/investment.
- "The government allowed some private ownership of business" is correct as reforms introduced elements of private enterprise.
- "All planning of the economy was done by the government" is incorrect as reforms reduced central planning.
- "All businesses switched from public ownership to private ownership" is incorrect as public ownership still dominated key sectors.
- "The government designated certain areas as special economic zones" is correct (e.g., Shenzhen) to attract investment.
- "The economic system completely changed from communism to capitalism" is incorrect as China remained socialist with market elements.
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A. China became more open to foreign trade and investment.
B. The government allowed some private ownership of business.
E. The government designated certain areas as special economic zones.