China’s adoption of market economics
To many outside China, the country’s impressive economic growth over the past three decades is the natural result of a decision to abandon Communism and adopt free-market economics, writes Jamil Anderlini.
But that decision was never made, and to this day China’s increasingly capitalist leaders speak reverentially about Marxist-Leninist Mao Zedong thought and refer to their system as “socialism (with Chinese characteristics)”.
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