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China's steps to modify its centrally planned economy includes reversing the market regulations. They also encouraged literacy in the economy markets which worked to their advantage.

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Q: What did China's steps to modify its centrally planned economy include?
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Is chinas economy good?

No it is not.


What is the US economy like?

The United States economy is the largest national economy in the world. It is the 11th largest.


Why is Britain a MEDC country?

Somehow we just managed to develop a few hundred years earlier than many other countries. We used to have a big empire and we have a steady climate, so we were able to develop socially, politically, scientifically etc. my mum said it is a nany basher also chinas children live in the batcave


How many people live in poverty in Asia?

Over three hundred Million people in China alone live on $2.50 per day. This is considered a very low amount of money and it is very hard to get by on such a wage. but there are 1.3 Billion people in China so this represents about 3 out of 13 people in china that are in poverty. this figure was much higher in the year 1900 butsince then people in China have been growing rich. but it will take much more growth in china for it to be the most rich. even though China has the largest economy in Overall GDP just ahead of the USA. in terms of Per-capital GDP china is very poor. even if China only had 20,000 dollars per capital then Chinas GDP would be 26 trillion dollars. but this still would be far below the 40,000 per capital in the United states. so even with a economy of 26 trillion dollars a few decades from now there would still be many hypothetical people in this china that would be poor. but living on 2.50 a day would be abolished and a thing of the past by the year 2040.


Related questions

Is chinas economy good?

No it is not.


Who attempted to modernize chinas economy?

Mao Zedong


Chinas fastest growing economy is facing a major challenge of?

Challenges Of WTO regime


Chinas economy is known as a what economy?

China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy


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What was Richard Nixon the first president to do?

Use communist Chinas official name in public


Chinas capital city?

Beijing


What is chinas key religion?

Confucianism.


What is Chinas biggest state?

Xinjiang


What are Chinas conflicts?

Disputes in the ROC.


What is Chinas continent?

Asia


What percentage of the world is Chinas population?

19.33%