As a response to dissatisfaction with the country's planned economy, the Chinese government introduced major modifications in its economic system, allowing the development of private markets while maintaining overall political control.

Question

Quizplus · Accepted Answer

This statement is true. In the late 1970s and early 1980s, China introduced various economic reforms, including the development of a market-oriented economy, the encouragement of private enterprise, and foreign investment, while still maintaining central control over the economy.

As a Response to Dissatisfaction with the Country's Planned Economy