Economic changes in the form of 'market reforms' were brought in 1978. Foreign-owned companies were established jointly with Chinese states. Towards 1990, there was privatization of industries which led to a decline in the social welfare system. It can be said that, China is not a socialist country just because of its strong state sector.
The capitalism in China today is decidedly Western. They are as obsessed with wealth as any Western nation, but it is only for an elite class, and the gap between the poor and rich is much larger.
The past form of hold is held.I hold onto hope.They hold onto hope.She /She holds onto hope. (note: The word changes.)I held onto hope.He/she held onto hope.They held onto hope.
William Hogarth's painting might be difficult for modern audiences to understand because the paintings attacked contemporary taste which modern audiences hold today.
The photos taken on the Titanic hold historical significance as they provide a visual record of the ship's luxurious interiors, passengers, and crew before its tragic sinking in 1912. These images offer a glimpse into the opulence of the time and serve as a reminder of the human cost of the disaster.
apex. It was common to hold debates in the form of published letters.
The capitalism that has taken hold in China is very elite centered. The upper-middle class is booming, but the poor of China are still suffering.
China was previously state capitalist but is now a mix of state and private capitalism.
The capitalism in China today is decidedly Western. They are as obsessed with wealth as any Western nation, but it is only for an elite class, and the gap between the poor and rich is much larger.
In modern China, capitalism has taken the form of a unique blend of state-led capitalism and market-oriented reforms. The government maintains significant control over key sectors of the economy while encouraging private enterprise and foreign investment. This model has facilitated rapid economic growth and urbanization, allowing for the emergence of a robust middle class. However, it also presents challenges related to income inequality, environmental issues, and political restrictions on dissent.
It would be more accurate to speak about free market reforms in China then use the term capitalism. What the Chinese Communist government has done is to allow private industries to exist and grow. It has allowed State run enterprises to have more autonomy. Probably the most outstanding development in Communist China, has been the establishment of a stock exchange in Shanghai.
Capitalism.
Paris did hold the second modern Olympics, but it happened in 1900, not 2012.
The past tense is held.
The plural form of the noun hold is holds.
Hold On by Modern Echo
Modern Echo - Hold On
Yes, especially when they have been taken care of.