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The current social structure of China relies on strata, which are defined by an individual's economic and social status. There are a total of ten strata which, in a general sense, include government officials, private and small business owners, industrial workers, agricultural laborers, and the unemployed. [ 119 ]
The Social Credit System (Chinese: 社会信用体系; pinyin: shèhuì xìnyòng tǐxì) is a national credit rating and blacklist implemented by the government of the People's Republic of China. [1] [2] The social credit system is a record system so that businesses, individuals and government institutions can be tracked and evaluated for ...
China's fiscal budget has four parts: general fiscal budget, budget for government funds, budget for operating income of state-owned capital, and social insurance budget. [40]: 353 The largest part is the general fiscal budget, which is a unitary budget that is allocated between central fiscal and local fiscal budgets.
Homelessness in China is a social issue. In 2011, there were approximately 2.41 million homeless adults and 179,000 homeless children living in the country, 0.18% of the country population. [29] However, owing to government policies and housing schemes, China has managed, to some extent, to tackle the problem.
The Harmonious Society (also known as Socialist Harmonious Society) is a socioeconomic concept in China that is recognized as a response to the increasing alleged social injustice and inequality emerging in mainland Chinese society as a result of unchecked economic growth, which has led to social conflict.
The CCP has also used other terms to officially describe China's system of government including "socialist consultative democracy", and whole-process people's democracy. [42] According to the CCP theoretical journal Qiushi , "[c]onsultative democracy was created by the CPC and the Chinese people as a form of socialist democracy. ...
Our system is the system of the People's Congresses, it is the people's democracy system under the leadership of the Communist Party, we cannot do those Western ways. — Deng Xiaoping, the CCP paramount leader, on importing bourgeois/ liberal democracy to China.
As of the end of 2019, China's SOEs represented 4.5% of the global economy. State-owned enterprises accounted for over 60% of China's market capitalization in 2019 [30] and generated 40% of China's GDP of US$15.97 trillion (101.36 trillion yuan) in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%.