Final answer:
The incorrect statement is that China's trade regime evolution began in 1992 with Deng Xiaoping's 'Southern Tour'; his economic reforms that led to China's trade evolution started in the late 1970s. The tour was a reaffirmation of the market reforms that had already been initiated to open China's economy and attract foreign investment.
Step-by-step explanation:
The statement about Deng Xiaoping's economic reforms and "Southern Tour" that is INCORRECT is option B, which claims that The Evolution of China's Trade Regime began with Deng Xiaoping's "Southern Tour" in 1992. In fact, Deng Xiaoping's economic reforms began much earlier. Deng's policies were instrumental in transforming China's economy and included the establishment of Special Economic Zones (SEZs), a move towards a market economy, opening the nation to foreign investment, and promoting private entrepreneurship. Deng's "Southern Tour" in 1992 was a key moment in reaffirming the economic direction he had set. Option B mixes the timeline, suggesting the trade regime's evolution started with the tour, while in actuality, it commenced with reforms in the late 1970s and early 1980s.
Deng deliberately promoted the coastal region to spur economic development, which indeed led to an "unbalanced" economic landscape, predominantly between the coastal cities and the inland regions. The creation of SEZs attracted significant Foreign Direct Investment (FDI), bolstering China's industrial capacity and leading to its emergence as a major player in global trade, with a significant increase in its manufacturing and export capabilities. Ultimately, these changes paved the way for China's impressive economic growth and integration into the global economy.