Under Deng Xiaoping, China encouraged foreign investment but required foreign companies to take Chinese partners. This approach was part of the broader economic reforms initiated in the late 1970s, which aimed at opening up the Chinese economy to the outside world while maintaining a level of control. The establishment of Special Economic Zones (SEZs) also facilitated foreign investment by creating favorable conditions for foreign companies, but partnerships with Chinese entities were a key requirement for engaging in business in China at that time.
How did China deal with foreign investment under Deng Xiaoping?
It allowed foreign companies to do whatever they wanted.
It encouraged investment but required companies to take Chinese partners
It only allowed foreign investment in special zones
It made it illegal for foreign companies to invest in China
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