Question

57

Which member of APEC has launched a program of economic reform to stimulate its economy by privatizing many industries, restructuring
spite of consistently exporting more than it imports in recent years?
Multiple Choice
Russia
Peru
China
the Philippines
Australia

Answer 1

China has launched an economic reform program to stimulate its economy by privatizing industries and restructuring. These efforts aim to create a balanced and sustainable economy.

Step-by-step explanation:

The member of APEC that has launched a program of economic reform to stimulate its economy by privatizing many industries and restructuring is China. China has implemented various economic reforms over the years, including the privatization of certain industries, to boost its economy. These reforms have allowed for increased foreign investment and competition, leading to economic growth.

Despite consistently exporting more than it imports in recent years, China's economic reforms have aimed to address certain challenges and create a more balanced economy. By restructuring and privatizing industries, China aims to encourage innovation, improve efficiency, and generate sustainable economic growth.

Key points:

1. China has launched an economic reform program to stimulate its economy.
2. Privatizing many industries and restructuring are part of the reform efforts.
3. China's goal is to create a more balanced and sustainable economy.

Learn more about China's economic reform program and its impact on the economy