“Chinese economy has been recognized at the global level”. Justify.
“Chinese economy has been recognized at the global level”. Justify.
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China has introduced an open market economy which is moving China towards global economy due to following facts-
1. The integration of the Chinese economy and interdependencies has enabled China to have considerable influence with its trade partners.
2. The open door policy has stabilized the ASEAN economy.
3. China’s outward looking for investment and aid policies in Latin America and Africa are protecting China as a global player.
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