A poor man's socialist system that the Communist Party of China (CPC) or CCP claims is a whole new ideology invented by Deng Xiaoping that takes the "good parts" of capitalism without the bad, and the "good parts" of socialism without the bad and combines them to form the number 2 spot for Gross Domestic Production (GDP) globally. But is in reality just whatever the CCP says it needs to do to pursue economic growth while justifying their authoritarian grip on power in China.
A: Okay students, can anyone tell me what is the economic system of China?
B: Capitalism? Duh, Jack Ma is rich AF..
A: Incorrect.
B: Ohh Communism? They are run by a communist party--
A: Wrong again, their economic system runs on Socialism with Chinese Characteristics!
B: Really? Wow, how does this system work?
A: I don't know B, read a damn book, they change the definition every time a new general secretary is in power so 10 years from now it could mean just having an economy based off chinese scam call centres for all I know!
B: Capitalism? Duh, Jack Ma is rich AF..
A: Incorrect.
B: Ohh Communism? They are run by a communist party--
A: Wrong again, their economic system runs on Socialism with Chinese Characteristics!
B: Really? Wow, how does this system work?
A: I don't know B, read a damn book, they change the definition every time a new general secretary is in power so 10 years from now it could mean just having an economy based off chinese scam call centres for all I know!
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