Search results
Results From The WOW.Com Content Network
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
In order to more accurately reflect China's transition from a Soviet-style command economy to a socialist market economy (socialism with Chinese characteristics), the plans since the 11th Five-Year Plan for 2006 to 2010 have been referred to in Chinese as "guidelines" (Chinese: 规划; pinyin: guīhuà) instead of as "plans" (Chinese: 计划 ...
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises . [ 1 ]
National economies can be run from the top down, so to speak, in what is sometimes called a command economy or they can be run from the bottom up in what is sometimes called a free market. In the ...
China's economy saw continuous real GDP growth of at least 5% since 1991. During a Chinese New Year in early 1992, China's paramount leader Deng Xiaoping made a Southern Tour of China designed to give new impetus to and reinvigorate the process of economic reform. During the Southern Tour, Deng stated his view that both government planning and ...
The Chinese economic reform or Chinese economic miracle, [1] [2] also known domestically as reform and opening-up (Chinese: 改革开放; pinyin: Gǎigé kāifàng), refers to a variety of economic reforms termed "socialism with Chinese characteristics" and "socialist market economy" in the People's Republic of China (PRC) that began in the ...
China’s communist government has stimulated the economy out of many slowdowns during the last 25 years, but recent efforts, including interest rate cuts and other measures, have underwhelmed ...
The economy of Yugoslavia was widely considered to have been a form of market-based socialism, based on socially-owned cooperatives, workers' self-management, and market allocation of capital. [53] Some of the economic reforms introduced during the Prague Spring by Alexander Dubček, the leader of Czechoslovakia, included elements of market ...