Now China has transformed its planned economy system into an initial socialist market economy system. As a result the regulatory function of the market has been strengthened tremendously.

China should advance market-oriented reforms in “competitive” areas of industries, such as energy, railways and ...

Meeting under the theme of “Solidarity, democracy, discipline, renovation” the party renewed its commitment to advancing Vietnamese living standards and continuing the construction of a ...

CHINA DAILY As China moves forward with its vision for a high-standard socialist market economy, the pivotal issue of balancing the relationship between the government and the market should be ...

It proved the Marxist thesis that socialism wasn’t meant to be built on the base of a backward economy. But no one among China’s leaders had enough stature to challenge Mao’s directives not ...

The upcoming Central Economic Work Conference is expected to strengthen the focus on bolstering domestic consumer demand, a rising policy priority given potential US tariffs and the country's reform ...

Nations around the world employ several different types of economic systems; two such types are socialism and capitalism.

Q: After the People's Republic of China (PRC) was founded in 1949, China adopted the mechanism of a centralized planned economy. Now China has defined its goal of instituting a socialist market ...