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The Beijing Consensus (Chinese: 北京共识) or China Model (Chinese: 中国模式), also known as the Chinese Economic Model, [1] is the political and economic policies of the People's Republic of China (PRC) [2] that began to be instituted by Hua Guofeng and Deng Xiaoping after Mao Zedong's death in 1976. The policies are thought to have ...
He wrote that China was a socialist society, but that socialism in China was in its primary stage, [10] a Chinese peculiarity which was due to the undeveloped state of the country's productive forces. [10] During this phase of development, Zhao recommended introducing a planned commodity economy on the basis of public ownership. [10]
The economic history of China describes the changes and developments in China's economy from the founding of the People's Republic of China (PRC) in 1949 to the present day. The speed of China's transformation in this period from one of the poorest countries to one of the world's largest economies is unmatched in history.
After months of unexplained delay, top officials from China’s ruling Communist Party are gathering in Beijing this week to signal the direction forward for the world’s second largest economy ...
Part of a series on Communism Concepts Anti-capitalism Class conflict Class consciousness Classless society Collective leadership Communist party Communist revolution Communist state Commune Communist society Critique of political economy Free association "From each according to his ability, to each according to his needs" Market abolitionism Proletarian internationalism Labour movement Social ...
As China’s growth slows, some economists have drawn comparisons with Japan, which experienced two “lost decades” of stagnant growth and deflation after its real estate bubble burst in early ...
Marx drew a distinction between lower-stage communism—commonly referred to as the socialist mode of production— and higher-phase communism—often referred to as communism. [11] Su's and Feng's article created two subdivisions within the socialist mode of production; the first phase was the transition from the capitalist mode of production ...
Economic growth slowed to 4.7% on an annual basis in the April to June quarter, as investments in real estate and property sales continued to decline despite a raft of measures aimed at ...