China’s steps to modify its centrally planned economy included _____.

History

1 answer:

9966 [12]3 years ago

5 0

Answer:

The creation of economic zones that encouraged foreign investment.

Explanation:

Centrally planned economy or command economy is an economic system where by the government has authority a d take decisions on manufacturing and distribution of goods and services. China is a centralised economy since it's establishment in 1948. The states directed and controlled large shares of it's country economic inputs. Most industrial production were owned by states own enterprises. The created economic zones which attract foreign investment.

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