COLONIALISM AND IMPERIALISM
IMPERIALISM IN ASIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They tried to modernize industry, the economy, and government.
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They tried to overthrow the republic.
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They tried to return China to traditional ideals, such as Confucianism.
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They tried to radically alter the balance of trade.
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Detailed explanation-1: -Trade and foreign investment Throughout the reform period, the government reduced tariffs and other trade barriers, with the overall tariff rate falling from 56% to 15%. By 2001, less than 40% of imports were subject to tariffs and only 9 percent of import were subject to licensing and import quotas.
Detailed explanation-2: -The introduction of the market system, first in the rural area, and then in the urban area, must be regarded as the primary reason for the success of the economic reform.
Detailed explanation-3: -Most notable among his reforms were China’s one-child policy, the institution of decentralized economic management and rational and flexible long-term planning, the strengthening of China’s trade and cultural ties with the West, and allowing foreign investment in Chinese enterprises.
Detailed explanation-4: -China’s reform and opening-up policies introduced private business and market incentives to what was a state-led communist system. Prior to 1978, the private sector was virtually non-existent; today, private firms contribute to approximately 70 percent of China’s GDP.