Paraphrasing is taking a larger concept and putting it in your own words while summarizing is taking a large concept and putting it in your own words based off what you understood
By the end of the Second World War, Chinese economic and political power was in ruins.
The Japanese had invaded large parts of the country leaving the central government weak. This was followed by many foreign powers developing their own enclaves in the country and running virtual colonies.
The communist party took an opportunity of a weak central government and launched a violent campaign, culminating in a civil war.
Mao was popular among the rural farmers and the poor who served in the People's liberation army.
Control of government spendings
Removal of barriers to trade goods and services
liberalization of financial flows simultaneously with institutional change
Labor reform
Economic competition reform
financial reform.
etc
hope this helps
It’s C, hope this helps you :)