What kind of economy does China have?

Answer 1

China has a communistic economic system. However, China's economy has gone under constant reform (change) since the "Cultural Revolution" beginning in the 1970s, and has become closer to that of a mixed economic system.

Answer 2

China has a communist government and had a centrally-planned communist economy until the mid-1980s. However, the current economy of China is primarily capitalist, but with heavy state investment in local industry. This has created a degree of central planning even within a capitalist framework.

Answer 3

The economy of ancient China introduced to the world a number of economic concepts, like the use of coins and money, land distribution for non-aristocrats', and the development of a merchant class.

As well the Chinese people traded amongst themselves with silk, cattle, iron, fish, and salt. Additionally, they traded externally with places like Greece and India.

Answer 4

market economy<3

--mewile95 im just kidding ITS REALLY COMMAND ECONOMY --slayer33s

Answer 5

China is currently a mixed economy, but it is more of a command economy than a free market economy.

Answer 6

The type of economy that China has is known as a socialist market economy. The economy also has a element of capitalism whereby the state owns most of the firms.