Which characteristic best describes the "Beijing Consensus"?

The "Beijing Consensus" is best characterized by government control and export-led growth. This term refers to the Chinese model of economic development, which emphasizes the role of the state in guiding economic growth through various means, including strategic planning and investment in key industries. Rather than advocating for a free-market approach with minimal government intervention, the Beijing Consensus recognizes that a strong and proactive government can play a crucial role in fostering economic development and stability.

This model also emphasizes export-led growth, where a country's economy is driven primarily by the production of goods for export rather than solely focusing on domestic consumption. By leveraging state resources and implementing policies that support export-oriented industries, the Beijing Consensus has led to significant economic growth in China and has been seen as an alternative to Western models of development that emphasize free-market policies.

Other options either suggest a level of market uniformity or complete deregulation that does not align with the principles of the Beijing Consensus, which maintains a significant role for the government in the economy. While private enterprise and market forces do play a part in China's economic model, they are situated within a framework of state control and direction, highlighting the contrasting nature of this approach compared to the other options presented.