this post was submitted on 28 Aug 2024
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[–] [email protected] -1 points 2 months ago

China is Socialist with Chinese Characteristics, the CPC practices large and extensive levels of State Planning and the People's Democracy structure means the Capitalists in China do not control nor guide the State.

Capitalism exists in China as a concession, it isn't some fully Socialized state, but it is a transitional economy.

Read China Has Billionaires.