The Two C's That Run China's Economy

Communism, coupled with Capitalism, is what has turned China into the strong economic nation it is that is greatly overlapping the United States.

Official Economic Policy: a "socialist market economy with Chinese characteristics"

When private enterprises allowed in 1978:

    -business and companies have been created rapidly

    -fierce competition has ensued between them

Communist Party of China carefully follows and controls the country's growth

   -state-owned enterprises maintain a dominating presence in the domestic market

   -often prevent competition 

  

The Government's careful direction has helped China weather the storm of the global economic crisis

-from 2003-2007 China experienced  13% GDP increase

"The centrally controlled market economy allowed the government to disperse the funding quickly with acute oversight and influence as the investments were financed by state-backed enterprises"

So although communism is viewed as somewhat of a taboo considering the dictators that have manipulated its true teachings, China is able to successful run on either a more strict version if capitalism or a more lenient version of communism depending on how you look at it

Either way it seems to be working tremendously for China. 

Would our country ever benefit from giving more economic control to the government?

Source: China's Economy dances between Communism and Capitalism http://www.policymic.com/articles/7356/china-s-economy-dances-between-communism-and-capitalism

Date: 7 months ago so timely

Writer: Warren Rizzi received a BA from Boston college and recently finished a year long fellowship teaching and studying at a university in northeast China 

although the article is opinion based he backs it up with facts taken from other reliable websites and is also a very reliable source in that he understands China's economy from studying there

policymic is the website used and although it is not completely credible the source is