What economy does china have?

As China's economy grows, so does China's Renminbi, which undergoes the process needed for its internationalization. China initiated the founding of the Asian Infrastructure Investment Bank in 2015. The economic development of Shenzhen is dubbed as the next Silicon Valley in the world. read more

China once had a socialist, planned economy where the government (one party) controlled and owned all the means and methods of production. China currently has a very strange mix of socialist, capitalist, and communist ideas for their economy. It is unique in the world, and often really defies categorization. read more