25 billion dollar PAK-FA deal crash lands

[Bahamut]

You are confused as is evident from your incoherent & contradictory posts. In China, one can start a Pvt Enterprise and there is Stock Market too !! Then China is Capitalist according to you ?

Then what is capitalism according to you ................................................

 

[garg_bharat]

You are confused as is evident from your incoherent & contradictory posts. In China, one can start a Pvt Enterprise and there is Stock Market too !! Then China is Capitalist according to you ?

China is a mixed economy. This definition can be applied to Russia also.

Even India is a mixed economy.

Communism and socialism are different. China still practices communism in my view but with a number of modifications unique to its society.

Russia is no longer communist country. It can be called socialist, but not communist.

Socialism and capitalism have coexisted in all modern industrial societies.

 

[smestarz]

China is a mixed economy. This definition can be applied to Russia also.

Even India is a mixed economy.

Communism and socialism are different. China still practices communism in my view but with a number of modifications unique to its society.

Russia is no longer communist country. It can be called socialist, but not communist.

Socialism and capitalism have coexisted in all modern industrial societies.

China is communist to say and its ruled by the Chinese communist party (One party system) But if you look at the labour laws or how the Chinese are conductiong their business, they are very much capitalist. They are holding the "flag of communism" only to control the Billion + population as the govt says we are there for the common people, the farmer, the soldier. and the workers, but the way the workers are suppressed is very similar as in Korea or other Asian countries. If China was a strictly communist country, there would not so many western coimpanies having their factories and offices in China and each becoming more bigger over each year

 

[garg_bharat]

how the Chinese are conductiong their business, they are very much capitalist.

Business is still tightly controlled by the State; and it is true that society faces repression and freedom of thought is non-existent. Western business exists in export-oriented zones. Beyond such zones are still mostly State enterprises.

Yes it is one party system.

There is some speculation that China's GDP official numbers are inflated by as much as 20%. It is possible that Chinese data releases are falsified regularly. Lack of transparency makes it tough to verify anything coming out of China.

 

[smestarz]

The foreign companies prefer these export oriented zones because they get a lot of facilities. There are special laws inside the zone so as to promote epxort and better product. Foreign companies find it more convenient and also there is a feeling of "safety" within this zone. The State enterprises are much reduced than 2 decades ago. The state enterprises were even able to sell at loss to try and get exports.

After the civil war, the Chinese were united with the communist party and it was seen like only entity which was looking at benefit of the people, That time most people in china were labours, workers farmers and soldiers, communism was ideal and one party system perfect for it to avoid any sort of opposition.
Thus the party discussed and once something was agreed all the efforts were done to achieve it, and maybe that did fuel the growth at start. In China there are no elections thus the mayor of a city is a person selected by the Polit bureau of the commuist party in Beijing. Thus in a way though there is provincial control, the entire control is from Beijing

Chinese can manipulate figures, for almost a decade their exchange rate was stable at 8.2 (and now for few years its stable at 6.2) inspite of them have export balance surplus (they exported much higher in terms of value than imports and this might actually make their currency stronger, but they managed to somehow keep it steady to promote exports. The Chinese know how to play dirty, and they have done well.

Business is still tightly controlled by the State; and it is true that society faces repression and freedom of thought is non-existent. Western business exists in export-oriented zones. Beyond such zones are still mostly State enterprises.

Yes it is one party system.

There is some speculation that China's GDP official numbers are inflated by as much as 20%. It is possible that Chinese data releases are falsified regularly. Lack of transparency makes it tough to verify anything coming out of China.

 

[LETHALFORCE]

China is a mixed economy. This definition can be applied to Russia also.

Even India is a mixed economy.

Communism and socialism are different. China still practices communism in my view but with a number of modifications unique to its society.

Russia is no longer communist country. It can be called socialist, but not communist.

Socialism and capitalism have coexisted in all modern industrial societies.

China is a pure communist country. There is no mixed economy. Banks and almost all business are funded and owned by communist party. Individuals do not prosper by their effort but by their affiliation in the communist party. Look at the wealth disparity in China by geography 95 percent of the wealth is in the eastern seaboard of the country while rest of the country is in the third world


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[Bahamut]

China is a pure communist country. There is no mixed economy. Banks and almost all business are funded and owned by communist party. Individuals do not prosper by their effort but by their affiliation in the communist party. Look at the wealth disparity in China by geography 95 percent of the wealth is in the eastern seaboard of the country while rest of the country is in the third world


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I do agree that there is a huge income inequality in China but that is there in every capitalist society ,China is not a complete capitalist system but neither is it complete communist ,it is a hybrid .You are allowed to have own business and property in China but in communist society these are not allowed .
Similarly a hardcore capitalist has no place for welfare scheme but there are there in many capitalist nation

 

[LETHALFORCE]

I do agree that there is a huge income inequality in China but that is there in every capitalist society ,China is not a complete capitalist system but neither is it complete communist ,it is a hybrid .You are allowed to have own business and property in China but in communist society these are not allowed .
Similarly a hardcore capitalist has no place for welfare scheme but there are there in many capitalist nation

When banks are party owned smaller things present only an illusion of capitalism


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[Bahamut]

When banks are party owned smaller things present only an illusion of capitalism


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Maybe in the near future it will change and will no longer be nationalized,but it is upto the Chinese govt. and people , let do what they want in their own country.