Identify the objective behind introduction of structural reforms in China.
Identify the objective behind introduction of structural reforms in China.
Solution
✅ Correct Option: 3
China introduced structural reforms in 1978 on its own initiative, not under external pressure. The government was dissatisfied with the slow pace of growth and the lack of modernisation in the economy under Maoist rule, and felt that Maoist vision was not delivering results. Hence option 3 is correct; no IMF or World Bank compulsion was involved.
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