GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Hu Jintao, the dictator of China, makes the decisions which affect the jobs and living conditions of people living in China. The economic system in China is closer to which economic system?

A	Command
B	Market
C	Tradionalist
D	Mixed

Explanation:

Detailed explanation-1: -Hu Jintao (born 21 December 1942) is a Chinese politician who served as the general secretary of the Chinese Communist Party (CCP) from 2002 to 2012, the president of China from 2003 to 2013, and chairman of the Central Military Commission (CMC) from 2004 to 2012.

Detailed explanation-2: -Hu Jintao’s removal from the 20th National Congress of the Chinese Communist Party. On October 22, 2022, Hu Jintao, former General Secretary of the Chinese Communist Party, was escorted out of the hall at the closing ceremony of the 20th National Congress of the Chinese Communist Party.

Detailed explanation-3: -The People’s Republic of China was established in 1949. While initially founded as a socialist state with a centrally planned economy, it now has a mixed economy, described by its government as “Socialism with Chinese characteristics”.

Detailed explanation-4: -Deng Xiaoping took over control of the Communist Party of China (CPC) in 1978. He was responsible for initiating reform of the planned economy to move towards a more market-oriented economy.

There is 1 question to complete.