question_answer

In which four ways did the new economic policies of China benefit its economy?

Answer:

New economic policies of China:

(i) China has now turned as the third major alternative centre of power.

(ii) China?s economic success since 1978 has been linked to its rise as a great power.

(iii) China has been the fastest growing economy since the reforms first began. Now it is projected that China?s economy will overtake the US as the World?s largest economy by year 2040.

(iv) The economic integration into the region makes it the driver of East Asian growth, thereby giving it enormous influence in regional affairs.