Which of the Following Statements About China Is Correct

question 45

Multiple Choice

Which of the following statements about China is correct?

• A)It has not enacted any legislation to allow tax holidays.
• B)In 2002, it surpassed the U.S.as the largest recipient of foreign direct investment.
• C)It is isolationist and shuns foreign investment within its borders.
• D)None of the above statements is correct.

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Definitions:

Breach of Condition

A failure to meet a critical term or condition of a contract, which may entitle the injured party to terminate the agreement.

Contract Law

A body of law regulating the agreements entered into between two or more parties that are enforceable by law.

Condition Subsequent

A future event or circumstance that, upon occurring, will terminate obligations under a contract or legal agreement.

Obligations Cessation

Refers to the termination or discontinuation of legal duties or responsibilities, which can occur due to various reasons including the fulfillment, release, or expiration of the obligation.