If China continues to move toward greater free market reforms it Group of answer choices may move from industrial superpower to third-world status will likely see a decrease in GDP per capita may move from third-world to industrial superpower status will likely give global market share to Western and Japanese enterprises

Question

Business

Jeremiah Parker

30 January, 09:41

If China continues to move toward greater free market reforms it Group of answer choices may move from industrial superpower to third-world status will likely see a decrease in GDP per capita may move from third-world to industrial superpower status will likely give global market share to Western and Japanese enterprises

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Answers (1)

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Kaylin Sandoval · Answer 1

The answer is: may move from third-world to industrial superpower status

Explanation:

China is currently the second largest economy in the world. That means its economy is second only to the American economy. Their middle class is continuously expanding while its lower class population is decreasing. Free market reforms have already made China an industrial superpower. Most of the goods sold around the world already come from China. As their population is getting wealthier, they are leaving behind their third world status.