Read the given text and choose words from the box to fill the gaps.

In China’s modern day economic history the Open Door Policy refers to the new policy (1) by Deng Xiaoping in December 1978 to open the door to foreign businesses that wanted to set up in China. Special Economic Zones (SEZ) were set up in 1980 in his (2)that in order to modernize China’s industry and boost its economy, it needed to welcome foreign direct investment. Chinese economic policy then (3) to encouraging and supporting foreign trade & investment. It is the turning point in China economic fortune that (4) started China on the path to becoming ‘The World’s Factory’.