Which of the following policies is not related to the rise of the Chinese economy?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Establishing imperialism as the best possible economic policy
Option (1) Open-door policy Related (Incorrect). Announced by Deng Xiaoping in 1978, it aimed at higher productivity through investment of capital and technology from abroad.
Option (2) Four-modernisations Related (Incorrect). Proposed by Premier Zhou Enlai in 1973: agriculture, industry, science and technology, and military.
Option (3) Establishing imperialism as the best possible economic policy Not related (Correct). No such policy was part of China’s rise. China followed its own path to a market economy, opening its economy step by step, with the state playing a central role.
Option (4) Privatisation of agriculture Related (Incorrect). Agriculture was privatised in 1982, followed by industry in 1998.
NCERT (2025-26): “Rise of the Chinese Economy … China ended its political and economic isolation with the establishment of relations with the United States in 1972. Premier Zhou Enlai proposed the ‘four modernisations’ (agriculture, industry, science and technology and military) in 1973. By 1978, the then leader Deng Xiaoping announced the ‘open door’ policy and economic reforms in China. The policy was to generate higher productivity by investments of capital and technology from abroad. China followed its own path in introducing a market economy. The Chinese did not go for ‘shock therapy’ but opened their economy step by step. The privatisation of agriculture in 1982 was followed by the privatisation of industry in 1998. Trade barriers were eliminated only in Special Economic Zones (SEZs) where foreign investors could set up enterprises. In China, the state played and continues to play a central role in setting up a market economy.…” |