What type of economy was established in the late 1970s?
Sort of socialist economy
In the late 1970s, there was a shift away from a socialist economy in China. The economy began to open up to foreign investment and trade, and the government began to encourage private enterprise. However, the state still played a major role in the economy, and many industries were still state-owned.
Unveiling the Legacy: The Ahmed Hassan al-Bakr Quiz