24
Mar
Which choice best describes data from the graph that support the student’s assertion?
A student is researching the Chinese government’s 1992 shift to a market economy that emphasizes trade liberalization. One means of trade liberalization involves expanding from ordinary imports into an emphasis on processing imports, which have two types: processing with assembly (in which a firm obtains raw materials from a foreign trading partner without payment and sells the final goods to that partner, charging for assembly) and processing with inputs (in which a firm expends capital to buy raw materials from a trading partner, processes them into final goods, and sells those goods to whichever trading partner it chooses). The student asserts that while initial efforts at trade liberalization were slow, the shift toward processing imports was resolved during the 2000s.
