- Words: 2703
- Length: 9 Pages
- Topic: Government
- Paper #: 50491573
Despite the high costs the Four Modernizations implied, China succeeded to enter "into the milieu of international bank loans, joint ventures, and whole panoply of once-abhorred capitalist economic practices."
As it might be inferred from above, this task was not an easy one, and China's officials had first of all to convince the rather-conservative part of the population of the necessity of these reforms and of the continuity of the