Does China have a market or command economy?

Investors underestimate the market, where leaders can cancel or forgive debts and control the currency. ONE hedge fund investor says Kyle Bass, Jim Chanos and other China bears are missing a key piece of the equation. read more

China has seen what an overnight transformation can do to a formerly command economy, namely Russia in the 90's which turned it into an ogliarchy and complete mess. Instead, the process will continue to be incremental for the foreseeable future but it is also inevitable. read more

According to the World Bank, China's rapid development has raised nearly 200 million people out of extreme poverty. Since its establishment in 1949 and until the end of 1978, China maintained a centrally planned, or command, economy. read more

China’s economy is subject to market forces and capitalists are involved but the Party does not believes that capitalists run their economy. Since the reforms, China has made great strides in improving its social welfare. Both consumption and saving have more than doubled and the poverty rate has declined. read more