Which term best describes Zhao’s economic reform ideas?
Conservative
Revolutionary
Market economy
State-controlled
Answer
The term "market economy" aptly encapsulates Zhao Ziyang's economic reform ideas. He envisioned a system where market forces, such as supply and demand, would play a pivotal role in resource allocation, replacing the state-controlled central planning that dominated China's economy. Zhao's reforms sought to introduce greater flexibility, efficiency, and innovation into the Chinese economic landscape.
Unveiling Zhao Ziyang: Test Your Knowledge on the Mysterious Chinese Politician!
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