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v. t. e. The government of the People's Republic of China is based on a system of people's congress within the parameters of a unitary communist state, in which the ruling Chinese Communist Party (CCP) enacts its policies through people's congresses. This system is based on the principle of unified state power, in which the legislature, the ...
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [27] China is the world's second largest economy by nominal GDP, behind the United States, and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
In China, politics functions within a communist state framework based on the system of people's congress under the leadership of the Chinese Communist Party (CCP), with the National People's Congress (NPC) functioning as the highest organ of state power and only branch of government per the principle of unified power.
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. [1] The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of ...
China’s anti-graft campaign has led to massive fallouts across its economy, from the get-go: an estimate by Bank of America Merrill Lynch in 2014 put its cost at $100 billion; and just last year ...
People's Republic of China portal. Communism portal. v. t. e. The Chinese economic reform or Chinese economic miracle, [1][2] also known domestically as reform and opening-up (Chinese: 改革开放; pinyin: Gǎigé kāifàng), refers to a variety of economic reforms termed "socialism with Chinese characteristics" and "socialist market economy ...
Socialism with Chinese characteristics is a set of political theories and policies of the Chinese Communist Party (CCP) that are seen by their proponents as representing Marxism–Leninism adapted to Chinese circumstances and specific time periods, consisting of Deng Xiaoping Theory, Three Represents (Jiang Zemin), Scientific Outlook on ...
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 Deng Xiaoping after Mao Zedong 's death in 1976. The policies are thought to have contributed to ...