Which statement best describes the economic trade policy of the People’s Republic of China in recent years?

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It was the earliest East Asian nation acknowledged for effectively adopting an export-driven growth model.It continues to rely primarily on import substitution as its main strategy for economic expansion.Due to its large population, it has consistently held a major portion of global trade.In recent decades, it has notably expanded its engagement with international trade and foreign direct investment.

Explanation

While China was not the first East Asian country to adopt an export-oriented growth model, and it no longer depends mainly on import substitution, it has dramatically increased its participation in global trade and attracted substantial foreign investment over the past few decades, reflecting its policy of greater economic openness.