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Some time ago, the Chinese Communist Party decided that planting seeds of a free market economy would be in the best interests of the entire nation. China has made substantial strides in this area. One prime example is that a stock exchange exists in Shanghai. Despite this trend, the transition to a free market economy cannot advance as long as China has a one party system. Based on the one party system, the so-called transitional economy, is at the mercy of post modern day Marxist-Leninists who may decide to revert back to total central planning.
Wiki User
∙ 8y ago
Wiki User
∙ 13y agoBecause they are in a period of change in which an economy moves away from central planning toward a market - based system
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What are some examples of transition economy?
A transition economy is one that is changing from central planning to free markets. Some of these are Poland, Hungary, and Bulgaria.
What was China's Economy before it was a market economy?
social economy
What is the current economic system of Montenegro?
They are currently in transition from federally state ran economy to a market economy.
Which economy is the closest economy to us economy?
China. China's GDP is 13 trillion whereas the US' GDP is 18 trillion
What type of economy did China have?
China was state capitalist, and is now a mixture of state and private capitalism.
What is china said to have a transition economy?
THey are COmmunist
Why do many people in china not have cars?
China is still in a state of transition from a mostly poor, agrarian economy to a modern industrial economy.
What does the economy of China is is in transition mean?
The economy is moving from central planning toward a market-based system.
The economy of china is in transition .what does this mean?
The economy is moving from central planning toward a market-based system.
What does it mean when china is in transition?
The economy is moving from central planning to a market-based system.
What are some examples of transition economy?
A transition economy is one that is changing from central planning to free markets. Some of these are Poland, Hungary, and Bulgaria.
Does China have an economy?
Yes, China has an economy.
A period of change in an economy is?
transition.
Does China have a market economy?
No, china does not have a market economy!
Who controls china economy?
china can control our economy... i was in china and i was in a security economy control center and i asked a few questions... yes china can control it's economy...
What is ancient china's economy?
ancient china's economy is comunist
What type of economy was Romania?
Before 1989 Romania has a socialist, planned economy, state economy.
