Indian Economic Development: Comparative Development Experiences of India and its Neighbours · Class 12 · CBSE · Commerce Economics
State two important features of China's economic reforms and explain how they contributed to its development.
Practice question from Indian Economic Development: Comparative Development Experiences of India and its Neighbours (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
medium · Subjective · Q-2ABDAF
State two important features of China's economic reforms and explain how they contributed to its development.
Solution
China's reforms were gradual rather than an abrupt withdrawal of the state from economic activity. Agricultural changes, special economic zones, foreign investment and export-oriented industrialisation helped raise productivity and accelerate economic growth.
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