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The growing wealth gap can be seen as a byproduct of China's economic and social development policies. Market reforms were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the de-collectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start ...
Socialism with Chinese characteristics is the dialectical unity of the theoretical logic of scientific socialism and the historical logic of China’s social development. It is a scientific socialism rooted in China’s soil, one that reflects the aspirations of the Chinese people, and one that is adapted to the conditions of progress in our times.
Socialism with Chinese characteristics is the dialectical unity of the theoretical logic of scientific socialism and the historical logic of China's social development. It's scientific socialism rooted in Chinese realities, reflecting the will of Chinese people, and adapted to the requirements of China and its circumstances.
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.
Social welfare in China has undergone various changes throughout history. The Ministry of Human Resources and Social Security is responsible for the social welfare system. Welfare in China is linked to the hukou system. Those holding non-agricultural hukou status have access to a number of programs provided by the government, such as healthcare ...
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%.
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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. [1]: 11