In what ways did China change economically under the Four Modernizations program? Check all that apply.
China became more open to foreign trade and investment.
The government allowed some private ownership of business.
All planning of the economy was done by the government.
All businesses switched from public ownership to private ownership.
The government designated certain areas as special economic zones.
The economic system completely changed from communism to capitalism.

The four modernization programs changed the country of China in varied ways, they are more involved in foreign trade and investment, they allowed private entities into business and they also declare some areas as SEZs.

What is the foreign investment?

Foreign investment is a process of inviting outside countries to make investments in their own companies. It is the technique of creating foreign exchange reserves.

After the initiation of four modernization programs, China allows the other countries to make investments in the Chinese companies or entities and also engaged in trade with other countries. The Chinese government finalize some of the areas in China to be known as special economic zones. The government also permits a private form of business.

Therefore, the four modernization programs bring about many reforms in the country of China.

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