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The Open Door Policy is a term in foreign affairs initially used to refer to the policy established in
the late 19th century and the early 20th century that would allow for a system of trade in China open
to all countries equally. It was used mainly to mediate the competing interests of different colonial
powers in China. Under the policy, none of them would have exclusive trading rights in a specific
area. In the late 20th century, the term also describes the economic policy initiated by Deng
Xiaoping in 1978 to open up China to foreign businesses that wanted to invest in the country. The
latter policy set into motion the economic transformation of modern China