How is China's economy a mix of socialism and capitalism?

I would describe China as a heavily technocratic Confucian-Leninist authoritarian state, ruling over a mixed economy with features of both capitalism and socialism. But that’s really not very useful without breaking down what this means. read more

The term “socialist market economy” was first used during the 14th National Congress of the Communist Party of China in 1992 to describe the goal of China’s economic reforms. Originating in the Chinese economic reforms initiated in 1978 that integrated China into the global market economy, the socialist market economy represents a preliminary or “primary stage” of developing socialism. read more