Singapore GCE A-Level H2 China Studies In English Practice Questions - Singapore GCE Exam - Singapore GCE A-Level H2 China Studies In English Exam

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What was the main economic objective of Deng Xiaoping's 'Reform and Opening Up' (Gaige Kaifang) policy launched in late 1978?

Introducing market mechanisms and attracting foreign investment to modernize China's socialist economy Eliminating all state ownership and fully privatizing key industrial assets immediately Re-establishing complete agricultural collectivization through urban communes Abolishing international trade ties to rely entirely on domestic autarky

Correct Answer:

Introducing market mechanisms and attracting foreign investment to modernize China's socialist economy

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