China's current power in the global economy is based on an economic reorientation started in the 1980s and based on
A) private entrepreneurship and market mechanisms.
B) efficient central planning and collectivization.

Question

Quizplus · Accepted Answer

China's economic reorientation started in the 1980s with the introduction of market-oriented reforms and the encouragement of private entrepreneurship, which led to the country's rapid economic growth and its ascent to becoming the world's second-largest economy. While there is still some central planning in certain areas, the economy is largely driven by market mechanisms.

China's Current Power in the Global Economy Is Based on an Economic