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Understanding China's economic system: Socialism with Chinese characteristics

Geopolitical Economy Report

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China's Economic System: Past, Present, and Future

This chapter explores the contradictions and challenges in China's economic system, focusing on issues such as income inequality, working conditions, corruption, and environmental problems. It discusses President Xi Jinping's emphasis on combating these issues and promoting common prosperity, as well as the changes observed in China over the past 16 years. The chapter also delves into the concept of socialist democracy in China and the ongoing debate about the perception of democracy in different countries.

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