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China a capitalistic or socialistic economy

Read through and prepare the response to the statement below:

In the last 30 years, China has changed significantly, both politically and economically. The term 'one country, two systems' is often used to describe the unique development of this country. Chinese products can be found not only in Asia but all over the world. Chinese investments are not limited to the region, but are reaching places from Africa to the U.S. Read about these changes using current academic literature and business newspapers (Financial Times, Wall Street Journal, Business Week, The Economist). Based on your current knowledge of economic systems, answer the following question:

Is China a capitalistic or socialistic economy? Why do you think it is such?

Solution Preview

Read through and prepare the response to the statement below:

In the last 30 years, China has changed significantly, both politically and economically. The term 'one country two systems' is often used to describe the unique development of this country. Chinese products can be found not only in Asia but all over the world. Chinese investments are not limited to the region, but are reaching places from Africa to the U.S. Read about these changes using current academic literature and business newspapers (Financial Times, Wall Street Journal, Business Week, The Economist). Based on your current knowledge of economic systems, answer the ...

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