If you read the article you’ll see the solution lays somewhere in between. China has been cutting down on some of the subsidies, and continuing with others. It’s a good article. I found it insightful.
I don’t mean that all the economy is nationalized, rather that the state exercises a lot of direct control over the market economy in China. There is also central planning in play where the government produces 5 year plans and directs companies towards implementing them.
If you read the article you’ll see the solution lays somewhere in between. China has been cutting down on some of the subsidies, and continuing with others. It’s a good article. I found it insightful.
I don’t mean that all the economy is nationalized, rather that the state exercises a lot of direct control over the market economy in China. There is also central planning in play where the government produces 5 year plans and directs companies towards implementing them.