Five Important Facts About the Open Door Policy
fact 1 Between 1978 and 1989, the increase in China’s export volume moved it from thirty-second to thirteenth in the world.
fact 2 From 1980 to 1998, China’s per capita income increased by 14 percent.
Fact 3 China kept its one-party communist government but allowed its economy to be more capitalist.
fact 4 In 1965, the Chinese government controlled over 90 percent of industrial production. In 1999, it was down to 25 percent.
fact 5 China’s unemployment rate went from 5.6 percent in 1978 to 2 percent in 1988.
In 1–2 sentences, evaluate the effectiveness of Deng Xiaoping’s Open Door policy. How did the policy contribute to China’s economic growth?