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Question
What enabled China to achieve rapid growth and poverty reduction?
Options
Complete integration into global supply chains
Elimination of all collective ownership structures
Rapid industrialization without agricultural focus
Market system with political commitment, while retaining collective land ownership and investing in social infrastructure
MCQ
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Solution
China achieved rapid growth and poverty reduction through a market system with political commitment, while retaining collective land ownership and investing in social infrastructure, demonstrating that hybrid models combining market mechanisms with strategic state intervention can be effective.
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