Answer:
The Shock Therapy, a set of economic policies in the 1980s and 1990s, involved rapid liberalization of trade, privatization of state-owned enterprises, and deregulation of markets. However, China chose a different approach to economic reform, implementing gradual and incremental reforms in the late 1970s. The Chinese government maintained control over key sectors and encouraged foreign investment and export-oriented growth, which has contributed to China's rapid economic growth in recent decades.