Changes and Reactions Resulting from China's Economic Transformation Were Shown

question 83

Multiple Choice

Changes and reactions resulting from China's economic transformation were shown by

• A)a closing gap between rich and poor.
• B)economic success spreading into the countryside.
• C)a government crackdown on political and economic corruption.
• D)China's international leadership in environmental concerns.
• E)China's place as a global center of manufacturing.

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Definitions:

Reciprocal Ownership Interests

Situations where two companies hold ownership interests in each other, creating a mutually interdependent relationship.

Circular Shareholdings

A corporate structure where companies hold shares in each other, creating a circular ownership loop.

Equity Interest

Ownership interest in a company, represented by holding the company's stock.

Sub-subsidiary

A company that is indirectly controlled by a parent company through another subsidiary, essentially being a 'grandchild' in the corporate family hierarchy.