• michaelrose@lemmy.ml
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    1 year ago

    China is a market economy with strong central controls it mixes market and planning as I have suggested.

    • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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      1 year ago

      China is very much a planned economy where the party comes up with 5, 10, and 25 year plans that are then executed. Markets are strictly subordinate to central planning.