China Open Door Policy Flashcards
(8 cards)
When was China’s open door policy?
1978
Prior to China’s open door policy what was China like?
China was a poor isolated switched off country under communist leadership.
Millions had died in famine
Most people lived in poverty in rural areas.
What did the open door policy allow?
embrace globalisation and remain under one part rule.
Describe the earliest reforms of China’s open door policy?
Rural areas farmers allowed to make a small profit
controls on number of children to curb population growth
What happened over the next 30 years because of China’s open door policy?
rapid migration 300 million people left the rural areas
What did China’s open door policy lead to?
outsourcing of factory work
In what ways does China reject globalisation?
Google & Face Book have little to no access to Chinese market.
Strict controls on TNC
In what ways does China embrace globalisation?
Due to WTO china agreed to export more earth materials
foreign TNC now allowed to invest
China has been the second largest recipient of foreign direct investments (FDI) worldwide, attracting approximately 189 billion US dollars in 2022