Question

question 14 (1 point)
listen
the first steps in opening the chinese economy included:
eliminating all state - owned firms in favor of private entrepreneurship
adopting the u.s. dollar as its currency
instituting democratic governance to allow for political economic debate
inviting foreign firms to invest in \special economic zones\ to produce for export

Explanation:

When China began to open its economy, one of the early and significant moves was the establishment of Special Economic Zones (SEZs). These zones were designed to attract foreign investment, promote exports, and introduce new technologies and management practices. Eliminating all state - owned firms was not an immediate first step as the state - owned sector still played a role in the transition. Adopting the U.S. dollar as currency never happened. And while there were economic policy discussions, instituting democratic governance in the Western - style sense (as implied by the option) was not a part of the initial economic opening steps.

Answer:

Inviting foreign firms to invest in "Special Economic Zones" to produce for export.