The Chinese Economic Reforms of 1978 Opened China to International

Multiple Choice

The Chinese economic reforms of 1978 opened China to international trade and investment.These reforms gave China access to new capital and technology,which

A) allowed China to decrease its capital-labour ratio and increase labour productivity.
B) increased China's total factor productivity and standard of living.
C) accelerated Chinese productivity to a level where Chinese real GDP per capita is now on par with that in Canada.
D) rapidly increased productivity in China and convinced Chinese officials to expand the reforms to include complete privatization of its financial system.