China describes its system as a "socialist market economy". How does that work? What is the role of its stock exchanges? Ben Norton explains Socialism with C...
As he highlights, it’s key to focus on the sectors dominated by State-Owned Enterprises (SOEs), which form the backbone of China’s economy. Another significant aspect is that the government maintains substantial direct control over private sector entities as well. Additionally, cooperative ownership structures within the private sector are more prevalent than often acknowledged, with Huawei serving as a noteworthy example.
As he highlights, it’s key to focus on the sectors dominated by State-Owned Enterprises (SOEs), which form the backbone of China’s economy. Another significant aspect is that the government maintains substantial direct control over private sector entities as well. Additionally, cooperative ownership structures within the private sector are more prevalent than often acknowledged, with Huawei serving as a noteworthy example.