China,like Japan as well as other countries,has often been accused of applying neo-mercantilist policies.They see an export-driven economy as the way to wealth and want to restrict exports as much as possible.An example of this is China's desire to develop a home grown microprocessor industry so that it will not have to import chips from other countries.Is this an example of mercantilism? Explain.

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The Answer of China,like Japan as well as other countries,has often been accused of applying neo-mercantilist policies.They see an export-driven economy as the way to wealth and want to restrict exports as much as possible.An example of this is China's desire to develop a home grown microprocessor industry so that it will not have to import chips from other countries.Is this an example of mercantilism? Explain.

China,like Japan as Well as Other Countries,has Often Been Accused