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Does China have a market economy?

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But the effect of the market economy in China is still only restricted to consumer goods whose prices are market determined with the remaining still in the purview of a planned economic system. More so, the labor market not yet totally regulated with many inter-state controls on the movement of labor still present. read more

Yes, China does have a market economy but China’s economy is dominated by the public sector i.e. its economy has many state run businesses and organisations that allow the Chinese government direct control and influence over the majority of their economy by controlling corporations that effectively have monopolies in many economic sectors. read more

The socialist market economy is the economic model employed by the People's Republic of China. It is based on the dominance of the state-owned sector and an open market economy, and has its origins in the Chinese economic reforms introduced under Deng Xiaoping. read more

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