'Open Door' Policy was associated with

Correct option is D

The 'Open Door' Policy is most commonly associated with Deng Xiaoping, the leader of China from the late 1970s. This policy was part of Deng's economic reforms, beginning in 1978, aimed at opening China's economy to the outside world. Deng initiated a series of economic policies that allowed foreign investment, modernized industries, and encouraged the export of goods, which transformed China from a closed, centrally planned economy into one of the fastest-growing economies in the world. The policy was crucial in integrating China into the global economy, especially through Special Economic Zones (SEZs).
Information Booster:
1. Open Door Policy focused on inviting foreign capital and technology into China, signaling the start of market-oriented reforms.
2. Deng Xiaoping introduced these reforms to modernize China's economy and lift millions out of poverty after the isolationist policies of Mao Zedong.
3. It was accompanied by the establishment of Special Economic Zones (SEZs) like Shenzhen, which became engines of economic growth.
4. The policy significantly contributed to China's transformation into a major global economic power.
5. Deng's reforms moved China toward a mixed economy, combining elements of socialism with market practices.
6. China’s rapid economic growth since the introduction of the Open Door Policy has made it a key player in global trade and investment.