AP Success - AP World History: Post-Revolutionary China's Economy
Source 1
"At the founding of the People's Republic, we inherited from old China a ruined economy with virtually no industry. There was a shortage of grain, inflation was acute and the economy was in chaos. But we solved the problems of feeding and employing the population, stabilized commodity prices and unified financial and economic work, and the economy rapidly recovered. . . We are suggesting that we should develop rapidly, but not too rapidly because that would be unrealistic. To do this, we have to invigorate the domestic economy and open to the outside world."
Deng Xiaoping, "Build Socialism with Chinese Characteristics," June 30, 1984.
Question 1
Which Chinese leader is most closely associated with the policy of 'Socialism with Chinese Characteristics'?
Question 2
What does the source suggest was a primary goal of the Chinese government after the establishment of the People's Republic of China?
Question 3
The policy of 'opening to the outside world' as mentioned in the source is indicative of China's shift towards which of the following?
Question 4
The source describes a period of recovery and stabilization in China. Which of the following best characterizes the preceding period that necessitated this recovery?
Question 5
The phrase 'develop rapidly, but not too rapidly' in the source reflects which of the following economic principles?
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