What is socialism like in China?

What is socialism with Chinese characteristics, and is it just capitalism?

FREDERIC J. BROWN/AFP/Getty Images
  • China has undergone massive economic reforms over the last few decades while remaining officially communist.
  • The state still has tremendous power over the economy, but private enterprise and markets dominate daily life.
  • The question of if the Chinese economy is technically capitalist remains unanswered.
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