Itz china economy is convert to two different economy??

Question

what do i mean is itz china is using two type of economy??one is sosialis or kapitalis??plzzz answer my question..i really need it..thankz

Answer 1

Hello again. As I said in my previous answer, they are using a socialist market economy. This comprises of both state-owned and privately owned enterprises. It is not a pure market economy, and both the Chinese Communist Party and government bureaucracy limits the extent to which free enterprises can flourish in China. Maybe the links I've attached below might help.