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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generate higher productivity by investments of capital and technology from abroad
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shift the focus from import to export
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Either A or B
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None of the above
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Detailed explanation-1: -The term “Open Door” also describes the economic policy initiated by Deng Xiaoping in 1978 to open China to foreign businesses that wanted to invest in the country. The policy set into motion the economic transformation of China.
Detailed explanation-2: -Following Mao’s death in September 1976, Deng outmaneuvered the late chairman’s chosen successor Hua Guofeng and became China’s de facto paramount leader in December 1978 at the 3rd Plenary Session of the 11th Central Committee.
Detailed explanation-3: -These Open Door Notes aimed to secure international agreement to the U.S. policy of promoting equal opportunity for international trade and commerce in China, and respect for China’s administrative and territorial integrity.