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the bilateral and regional free trade agreements, further integrate the
Chinese with the global system. By 2009, China has become the third
largest exporter in the world. The vast Chinese market continues to take
in foreign investors and businesses. Chinese investments are also sought
after by the developing and resource-rich nations. As such, four
modernisations were still largely successful.
In conclusion, four modernisations have indeed brought about new
challenges, worsened old ones and were inadequate at reforming Chinas
economy in some area. However, it has still been able to develop Chinas
economy, causing it being able to consistently sustain high economic
growth even when other developed countries failed to do so. Hence,
Chinas four modernisation efforts have been largely successful.