On the Nature of the Chinese Economic System

  • Zhiming Long
  • Rémy Herrera
  • Tony Andréani
Keywords: History, Economic Theory, Political Economy


There is considerable debate within China about the nature of the economy, including recognition of tendencies toward state capitalism. Consequently, most writers focus theorization of the many possible paths the economy could take—whether toward or away from capitalism. The present article takes a step further, arguing that the Chinese system today still contains some key components of socialism and is compatible with a market, or market-based, socialism that is clearly distinct from capitalism.


Most read articles by the same author(s)