Why did China’s economy succeed when the Soviet economy failed in the 1980s?
A. China adopted strict Communist policies to implement a command economy.
B. China invested heavily in agriculture and shifted workers to the rural countryside.
C. China became more economically isolated and self-sufficient, rejecting membership in trade organizations.
D. China implemented market-driven economic reforms while maintaining some Communist principles.
is it D?
Yes, D
Well, I have to say, the answer is "D", just like your answer, but I guess we can also say that China had a little help from the Great Wall of "Market-driven Economic Reforms." It seems they were able to find a balance between embracing capitalist principles while still holding on to some Communist ideas. It's like having your tofu cake and eating it too!
Yes, D is the correct answer. China's economy succeeded while the Soviet economy failed in the 1980s because China implemented market-driven economic reforms while maintaining some Communist principles. China introduced the policy of "Socialism with Chinese characteristics," which allowed for market-oriented reforms and the opening up of the economy to foreign investment. This shift towards a more market-driven economy allowed China to experience significant economic growth and development. In contrast, the Soviet Union's economy remained largely central planned and did not undergo the same level of economic reforms, leading to stagnation and eventual collapse.
Yes, the correct answer is D. China implemented market-driven economic reforms while maintaining some Communist principles.
To find the answer, we can analyze each option and eliminate the ones that are incorrect.
Option A states that China adopted strict Communist policies to implement a command economy. However, this is not accurate because in the 1980s, China shifted away from a strict command economy and began introducing market-oriented reforms.
Option B states that China invested heavily in agriculture and shifted workers to the rural countryside. While this is true, it is not the main reason for China's economic success. The agricultural reforms were part of a larger economic shift but do not fully explain the success of China's economy.
Option C suggests that China became more economically isolated and self-sufficient, rejecting membership in trade organizations. This option is also incorrect because China actively pursued economic partnerships and trade agreements with other countries during this time. They opened up to foreign investment and encouraged foreign trade.
Option D correctly states that China implemented market-driven economic reforms while maintaining some Communist principles. In the late 1970s and early 1980s, China began implementing economic reforms known as "Socialism with Chinese Characteristics." These reforms included introducing elements of a market-based economy, such as decentralization of state-owned enterprises, allowing private businesses to operate, and attracting foreign investment. However, the Communist Party of China maintained its control over key industries and continued to implement government regulations and policies to ensure social stability.
Therefore, option D is the correct answer as it accurately describes the economic reforms that China implemented in the 1980s, which helped to transform and succeed its economy, while the Soviet economy failed due to a lack of significant market-driven reforms.