A supporter of free-market policies would argue that the passage didn't liberalize the Chinese economy because only fourteen cities were opened for foreign investment and trade.
A free market simply means market where the prices of goods and services are determined by the forces of demand and supply and there's little government intervention.
In this case, a supporter of free-market policies would argue that the passage didn't liberalize the Chinese economy because only fourteen cities were opened for foreign investment and trade.
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Only fourteen cities were exposed to international investment and trade, proponents of free-market ideas would claim that the law did not liberalize the Chinese economy.
A free market is an unregulated system of economic trade in which government interventions such as taxes, quality controls, quotas, tariffs, and other types of centralized economic intervention are either absent or negligible.
Thus, only 14 countries is allowed to trade is the reason of argued.
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