this post was submitted on 27 Jan 2025
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askchapo
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Would you like an essay from prolewiki?
Tl;dr: it doesn't capture the full essence of China's economy by simply calling its economy a state-capitalist or such mode of production. (unlike what others like Vidiwell might imply)
There are many major factors to take into account, such as:
Land ownership
State planning
State owned enterprises, as the commanding heights of the economy
State guided investment funds
Cooperatives
CPC ran banks and CPC bond markets
Party-commitee involvement
Extra-legal control rights (recuperation/co-option of private enterprise into the relatively more socialist framework)
Social credit score et anti-{private} monopoly laws in regulating market sector