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by alxtye
3575 days ago
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The CPC would deem their current position as on the road to Communism, with Communism as the goal. "The official explanation for China's economic reforms is that the country is in the primary stage of socialism, a developmental stage similar to the capitalist mode of production. The planned economy established under Mao Zedong was replaced by the socialist market economy, the current economic system, on the basis that "Practice is the Sole Criterion for the Truth" (i.e. the planned economy was deemed inefficient)." - https://en.wikipedia.org/wiki/Communist_Party_of_China |
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You're implying that current Chinese economic system is a 'socialist market economy'?