China’s economy is a mixed economy that combines elements of capitalism and socialism. Under the government of the People’s Republic of China (PRC), China has implemented a series of economic reforms that have allowed for the growth of private enterprises and the development of a market economy. However, the PRC government maintains significant control over the economy through state-owned enterprises, centralised planning, and the regulation of key industries. As a result, China’s economy is often described as a “socialist market economy” or a “socialist capitalist” system.
“We’d like to believe that our current stars are better than the guys we once watched. Why? Because the single best thing about sports is the unknown. It’s more fun to think about what could happen than what already happened.” – Bill Simmons
