Which of the following statements about China is true: The Chinese government ha
ID: 1131856 • Letter: W
Question
Which of the following statements about China is true:
The Chinese government has wholeheartedly embraced free market reforms
The Chinese government retains ownership and control of some key industries
China has used market tools to transform themselves into a few market
The Chinese government no longer subsidizes key industries
The Chinese government has wholeheartedly embraced free market reforms
The Chinese government retains ownership and control of some key industries
China has used market tools to transform themselves into a few market
The Chinese government no longer subsidizes key industries
Explanation / Answer
Chinese economy is not a free market economy but there is a command system where government owns most of the industries. For example the steel industry has a major stake of the government where the top 20 companies/groups are subjected to some sort of government interference directly or indirectly.
Select The Chinese government retains ownership and control of some key industries
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