BS all military development in China are by state controlled enterprise --- even their domestic Pvt sector has CCP & PLA connection --- they are just front of state in name of pvt enterprise --- same is case with many Russian firm's.
My commii NIBBER reality hits hard now listen.
State-run economy
To answer the question of whether China is socialist today, we’re going to take you back to the roots of modern China, to a time when it was certainly considered a socialist country.
When the People’s Republic was founded in 1949, China embraced the Marxist-Leninist style of socialism wholeheartedly. During the reforms of the 1950s, rural China was divided into numerous “communes:” big, collective farms owned by the state.
Urban China had work units. Private property was abolished.
Farmers at the Liaodian Commune in the northeastern province of Heilongjiang work together to build a public-owned pigsty in 1965. Photo: Li Zhensheng/Contact Press
People shared everything in the communes, from farm work to harvests and meals. Even private cooking was banned: all the woks, bowls and utensils were contributed to public kitchens.
The result? Folks didn’t have much incentive to work. This helped lead to rampant poverty and contributed to a massive famine from 1958 to 1962 that claimed at least 30 million lives, including some relatives of the Inkstone team.
Things began to change in 1978. Then-party leader Deng Xiaoping initiated economic reforms. For the first time in decades, farmers were allowed to sell the crops they grew. Entrepreneurs were allowed to start businesses. And foreigners were allowed to invest in China.
Under socialism, there can also be a market economy
- Deng Xiaoping, late Chinese leader
This could have been an awkward transition for the Communist Party, given that Marx had famously summed up his Communist theory with one line: “abolish all private property.”
But Deng insisted that his policy was in line with socialism and named it: “socialism with Chinese characteristics.” He argued that socialist countries could have market economies.
The decision has brought drastic changes to China and the rest of the world. At the moment, the private sector now accounts for more than 60% of the economy and employs more than 80% of Chinese workers.
And since the global financial crisis of 2008, China has contributed more to global economic growth than any other country. And it is a major reason why almost everything you buy (clothes, electronics, Ikea furniture) is so cheap.
