China’s ‘socialist market economy’ mixes public ownership and state guidance with aspects of the market. Photo: AFP
China’s ‘socialist market economy’ mixes public ownership and state guidance with aspects of the market. Photo: AFP
Zhou Xin
Opinion

Opinion

Zhou Xin

Why the socialist element of China’s market economy is important

  • China’s socialist market economy has been at the heart of the nation’s economic transformation
  • Private investors must remember socialism comes first, meaning public interests trump commercial concerns

Zhou Xin
Zhou Xin

Updated: 10:19am, 27 Apr, 2021

Why you can trust SCMP
China’s ‘socialist market economy’ mixes public ownership and state guidance with aspects of the market. Photo: AFP
China’s ‘socialist market economy’ mixes public ownership and state guidance with aspects of the market. Photo: AFP
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