After establishing the Republic of China in 1949,Mao's Communist Party patterned the Chinese economy after
A)Japan
B)Taiwan
C)The USSR
D)The United States
E)Europe

Question

Quizplus · Accepted Answer

Mao's Communist Party looked to the Soviet Union as a model for their economic system after taking control of China in 1949. They implemented the Soviet-style of planned economy, emphasizing government control and centralized decision-making. The Chinese government nationalized several industries, including transportation, communication, and banking. The Soviet Union also provided technical and economic aid to China in the early years of the Communist rule. Although there were some initial successes, the Chinese economy struggled in the long run and went through several reforms over the years.

After Establishing the Republic of China in 1949,Mao's Communist Party