Which statement is true?

A) Private business firms are illegal in ChinA.
B) In China today,there is strict adherence to the communist credo,"From each according to his ability,to each according to his needs."
C) Major economic reforms in China in the late 1970s and early 1980s created a much more market oriented economy than a centrally planned one.
D) None of the statements are true.

Major economic reforms in China in the late 1970s and early 1980s created a much more market-oriented economy than a centrally planned one. This opened up opportunities for private business firms, although the government still maintains heavy control over certain industries and sectors. The communist ideology is still officially endorsed, but in practice, China has moved towards a more capitalist economic model. Therefore, option B is incorrect, and options A and D are false statements.