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China's Approach to Market Liberalization

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Which of the following best describes China’s unique approach to market liberalization, particularly as demonstrated by its Special Economic Zones?

A

China has allowed unrestricted foreign investment in all regions, with Special Economic Zones operating under the same rules as the rest of the country.

B

China has completely rejected market forces in favor of a centrally planned economy, even in Special Economic Zones.

C

China has implemented a gradual, controlled approach to market liberalization in specific areas while maintaining strong state oversight.

D

China has fully embraced free market principles across all sectors of its economy, including in Special Economic Zones.

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