this post was submitted on 20 Apr 2025
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The PRC is Socialist, large firms and key industries are firmly in the public sector, while the private sector is largely cooperatives, sole proprietorships, and small firms. This is classically Marxist. I elaborate more on this here.
Economic growth is merely one vector. The PRC saw the largest reduction in poverty on the planet, has strong democratic control from the people, very high approval rates, high confidence in improving conditions, and regularly increasing purchasing power for workers. The PRC is also leading the green revolution, and isn't Imperialist like the liberal countries you claim to work so well.