POST COLD WAR WORLD
RISE OF CHINA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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d-a-c-b
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c-b-a-d
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a-b-c-d
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None of the above
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Detailed explanation-1: -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: -China’s economic reform began with agricultural liberalisation. Between 1978 and 1983, agricultural reforms successfully transformed collectives to household-based farming and produced record-breaking growth in grain and meat output, overcoming endemic food shortages experienced since the 1950s.
Detailed explanation-3: -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.