pnwmystery
Well-Known Member
It's unbelievable that you think it completely isn't, because China is a prime example of a dual track economy; it's both a socialist economy and a free market economy. It's not one or the other. China has called it Socialism with Chinese characteristics which is the driving ideology of the CCP. The PRC follows a socialist market economy which has a state owned sector, and an open-market economy. Not everything is so cut and dry.And yet the state has final say on everything and total control of the economy.
Just because they "tolerate" some/most private industry, they still must operate under strict regulations.
People calling China a free market, unbelievable.
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