#444 World Factory

In China's modern day economic history the Open Door Policy refers to the new policy ___ 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 ___ that in order to modernize China's industry and ___ its economy, it needed to welcome foreign direct investment. Chinese economic policy then ___ to encouraging and supporting foreign trade & investment. It is the turning point in China economic fortune that ___ started China on the path to becoming 'The World's Factory'.