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how did allowing private ownership of businesses change trade and indus…

Question

how did allowing private ownership of businesses change trade and industry in china?
it took some control away from the state.
it prevented state influence in business.
it undermined the ability to regulate business.
it enabled foreign - owned businesses to dominate.

Explanation:

Brief Explanations
  • The option stating it prevented state influence is incorrect because the Chinese government still maintains oversight of key industries.
  • The claim that it undermined regulatory ability is wrong; the government retains regulatory powers over private businesses.
  • The assertion that foreign-owned businesses dominated is false, as domestic private and state-owned enterprises remain major players.
  • Allowing private business ownership shifted some economic control from the state to private entities, which is an accurate outcome.

Answer:

It took some control away from the state.