China's transition to market capitalism has been characterized by:
A) gradual change.
B) free market exchanges for all production.
C) very slow economic growth.
D) increasingly centralized decisionmaking.

Question

Quizplus · Accepted Answer

China's transition to market capitalism has been a gradual change rather than a sudden shift to free market exchanges for all production. This gradual approach has allowed for a more controlled and stable transition. Despite this, China has still experienced significant economic growth in recent years. While decision-making in China may be centralized to some extent, it has become more decentralized as market-oriented reforms have been implemented.

China's Transition to Market Capitalism Has Been Characterized By