this post was submitted on 30 Sep 2025
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Two things can be true.
Yes, the richest country by GDP, and the world's largest empire, can be crumbling while the world's largest socialist country can be dramatically improving and rapidly developing.
China is by no means a socialist country.
The PRC is a mixed economy, with the planned, socialist sector dominant, and a limited/restricted private sector.
Is China State Capitalist?