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Some scholars have described China's economic system as a form of state capitalism, particularly after the industrial reforms of the 1980s and 1990s, noting that while the Chinese economy maintains a large state sector, the state-owned enterprises operate like private-sector firms and retain all profits without remitting them to the government ...
State capitalism is an economic system in which the state undertakes business and commercial (i.e., for-profit) economic activity and where the means of production are nationalized as state-owned enterprises (including the processes of capital accumulation, centralized management and wage labor).
[85] [86] Many scholars consider the Chinese economic model as an example of authoritarian capitalism, [87] [88] state capitalism [89] or party-state capitalism. [90] [91] China brought more people out of extreme poverty than any other country in history [92] [93] —between 1978 and 2018, China reduced extreme poverty by 800 million. [94]
State capitalism, Bremmer explains, is a system in which governments use markets to create wealth and advance their political interests. In China, Russia and Saudi Arabia the state controls key ...
Party-state capitalism (simplified Chinese: 党国资本主义; traditional Chinese: 黨國資本主義) is a term used by some economists and sociologists to describe the contemporary economy of China under the Chinese Communist Party (CCP).
The longtime China bull compared Beijing’s move to the then European Central Bank president Mario Draghi’s 2012 pledge to do “whatever it takes” to resolve the region’s sovereign debt ...
China has been the fastest growing economy in the world since the 1980s, with an average annual growth rate of 10% from 1978 to 2005, based on government statistics. Its GDP reached US$2.286 trillion in 2005. [3] Since the end of the Maoist period in 1978, China has been transitioning from a state dominated planned socialist economy to a mixed ...
Public enterprise state-managed market economy, one form of market socialism which attempts to use the price mechanism to increase economic efficiency while all decisive productive assets remain in the ownership of the state, e.g. the socialist market economy in China and the socialist-oriented market economy in Vietnam after reforms.