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9 May, 04:40

How would you describe China's economic system?

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  1. 9 May, 04:52
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    China's economic system is a blend of socialism and capitalism called a socialist market economy. Under this system, the state still owns the means of production, but the market portions out resources. The Transition from Pure Socialism to Market Socialism Founded in 1949, the People's Republic of China is a socialist state.
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