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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 ...
When the Chinese Communist Party (CCP) came to power in 1949, its leaders' fundamental long-range goals were to transform China into a modern, powerful, socialist nation. In economic terms these objectives meant industrialization, improvement of living standards, narrowing of income differences, and production of modern military equipment.
The article analyzed the basis of Chinese socialism by looking at Karl Marx's writings; 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 simply communism). [114] Su's and Feng's article created three subdivisions within the socialist ...
Mao also discussed frugality and productivity in the economic development of China, writing, "It is a great contradiction for all cadres and all people to always think of our country as a big socialist country, but also a poor country with economic backwardness. To make our country prosperous and strong, it will take decades of frugal ...
China's legal system is facing the intricate challenges posed by the political and social dynamics resulting from its rapid economic expansion. A significant issue within contemporary China revolves around the treatment of workers within the framework of a capitalist economy operating within a socialist political system. [13]
Jia, currently president of the China Academy of New Supply-side Economics, a private think tank, was quoted as saying the potential bond issuance of up to 10 trillion yuan was “not unreasonable ...
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]
China’s leadership, which gathered this month to discuss economic targets and policies for next year, has indicated that it will ramp up fiscal and monetary support for the economy.