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Socialism with Chinese characteristics. Though in fact it’s a mix of state and private capitalism.

Q: What does china call its economy?

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Socialism with Chinese characteristics. Though in fact it’s a mix of state and private capitalism.

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You haven't given what the comparison is with socialism.

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Socialism has many defining characteristics, but two important ones are listed below.

government ownership of resources other than labor
centralized economic decision-making

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what are common characteristics of chinese immortals

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