this post was submitted on 30 Sep 2025
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Two things can be true.
Yes, the richest country by GDP, and the world's largest empire, can be crumbling while the world's largest socialist country can be dramatically improving and rapidly developing.
China is by no means a socialist country.
Maybe spend a bit of time learning what words mean before using them.
I know what words mean. China is a socialist market economy, which is not socialism.
imagine being so ignorant as to think that markets are at odds with socialism 🤣
Cope
The large firms and key industries are publicly owned, and the working class is in control of the state while capitalists are suppressed and prevented from expanding into those principal firms and industries. It's been socialist since the CPC successfully overthrew the nationalists.
I’m sorry, the working class is in control of the state? I’d love to hear something to back up such a strong statement.
The communists overthrew the nationalists, and since then public ownership is the principle aspect of the economy. Democracy was expanded and is comprehensively surveyed from the bottom-up, and capitalists are kept in check by the socialist state.
What exactly do you want to read about? That's a broad question, if you narrow it down a bit I might be able to give you a more focused answer.
China is a socialist market economy, not a socialist economy.
You can't have a stock market and be a socialist economy.
Cope
Socialist market economies are a type of socialist economy, particularly in the primary stage. Socialism isn't a unique mode of production determined by purity, but just like the others, by its principle aspect. What might help paint a better picture for you is looking at Cheng Enfu's diagram of the stages of socialism:
China presently is in the primary stage, but is at this point well along to the next stage, the intermediate. These aren't hard lines or jumps, but gradually worked through and towards.