China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism.

Original Article: <a href="https://mises.org/wire/chinese-economy-market-socialism-chinese-characteristics" target="_blank">The Chinese Economy: Market Socialism with Chinese Characteristics</a>

China rose from poverty after the Mao years only because its political leadership embraced private property and a market economy. Unfortunately, today the Communist leadership is moving back to socialism. Original Article: The Chinese Economy: Market Socialism with Chinese Characteristics{ai:summary}<p>China's rise was fueled by embracing private property and a market economy after Mao's reign. However, the current Communist leadership is shifting towards socialism. #economy</p>

The Chinese Economy: Market Socialism with Chinese Characteristics

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