Question

Each of the following is a reason that China has emerged as a major global market, except which one?

A) A large and growing population
B) Economic reforms and liberalization
C) Strict government regulations
D) A vast manufacturing base

Answer 1

China has emerged as a major global market due to its large population, economic reforms, and a vast manufacturing base. Strict government regulations are not a reason for China's emergence as a major global market.

Step-by-step explanation:

China has emerged as a major global market due to several reasons, including:

1. A large and growing population: With a population of over 1.3 billion people, China has a large consumer market and a vast labor pool.
2. Economic reforms and liberalization: Starting in the 1970s, China adopted market-oriented economic reforms and opened up trade to the West, which led to increased foreign investment and economic growth.
3. A vast manufacturing base: China's creation of special economic zones (SEZs) and an open-trade policy have fueled the growth of its manufacturing sector, attracting multinational corporations and driving rural-to-urban population shift.

Therefore, the reason that China has not emerged as a major global market is Strict government regulations.