Open Door Policy
In China's modern-day economic history the Open Door Policy refers to the new policy [blank] by Deng Xiaoping in December 1978 to open the door to foreign businesses that wanted to set up in China. Special Economic Zones (SEZ) were set up in 1980 in his [blank] that in order to modernize China's industry and [blank] its economy, it needed to welcome foreign direct investment. Chinese economic policy then [blank] to encouraging and supporting foreign trade & investment. It is the turning point in China's economic fortune that truly started China on the path to becoming 'The World's Factory'.
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