Question

Which of the following describe strategies that China used to achieve the status of a high-performing Asian economy? Check all that apply. Export of labor-intensive products Support of one-child policy Heavy investment in building a world-class infrastructure to attract foreign investment Promotion of state-owned enterprises

Answer 1

Answer:

All the options provided apply as strategies that China used to achieve the status of a high-performing Asian economy.

Explanation:

• Export of labor-intensive products: abundance of affordable manpower made it possible for China to produce labor intensive products in large exportable amounts.
• Support of one-child policy: This made family expenditure less and increased the economic power of their citizens.
• Heavy investment in building a world-class infrastructure to attract foreign investment because the cost of production was drastically reduced such that it is cheaper and faster to mass produce your products in China from most countries in the world.
• Promotion of state-owned enterprises helped the economy thrive and accumulate wealth for her government and citizens.

Answer 2

Answer:

Export of labor-intensive products

Heavy investment in building a world-class infrastructure to attract foreign investment

Explanation:

The population of China is the highest in the world, hence they concluded that they needed to use their number to their own advantage by adopting a labor-intensive production technique which enables them to export their products as well as ensuring a higher percentage of the populace is gainfully employed, little wonders how China products are available the world over.

Also, they provided  world class infrastructures which serve as incentives for foreign direct investment, for instance Apple moved its main factory to China due to the cheaper and available workforce coupled with the state of the art technological infrastructural development achieved by the Chinese people.