PopularSurprising SciencePersonal GrowthMind & BrainSex & RelationshipsTechnology & InnovationCulture & ReligionPolitics & Current Affairs
What is socialism with Chinese characteristics, and is it just capitalism?
23 January, 2019
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.