
Modern China pt. 4: The Deng Reform Period to Today w/ Ken Hammond
Rev Left Radio
China's Economic Development and Socialist Core
The chapter delves into China's unique approach to economic development, blending socialist principles with market mechanisms to gradually improve living standards for its citizens. It explores how China has navigated global capitalism while maintaining a socialist safety net, showcased by its response to crises like the 2008 financial crisis and the COVID-19 pandemic. The discussion also touches on China's future goals of achieving socialism and communism by 2050 under the leadership of Xi Jinping, addressing challenges and prospects for the nation's development.
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