Which of the following is FALSE about the transition from communism to capitalism in Russia and China?

Question

Quizplus · Accepted Answer

Russia's transition was actually hindered by the large number of workers in heavy industry, as many of these state-owned enterprises were inefficient and unprofitable. The transition from communism to capitalism in Russia was also marked by rapid privatization, leading to the emergence of a class of wealthy oligarchs. In contrast, China's transition strategy was more gradualist and focused on maintaining state control over certain key sectors while allowing for the development of a market economy. China's large number of rural workers also provided a source of cheap labor for export-oriented industries, contributing to its economic growth.

Which of the Following Is FALSE About the Transition from Communism