Since Mao Zedong's death in 1976, China has remained a communist nation politically. Economically, however, the country can be said to be more capitalistic because

Question

History

Hailie Lynch

16 January, 02:08

Since Mao Zedong's death in 1976, China has remained a communist nation politically. Economically, however, the country can be said to be more capitalistic because

+2

Answers (1)

Know the Answer?

Jared Marquez · Answer 1

Since Mao Zedong's death in 1976, China has remained a communist nation politically. Economically, however, the country can be said to be more capitalistic because

The private sector based industries generating foreign based revenue made China being Capitalist economically

Explanation:

Mao imagined of a society with equally shared rates of prosperity and as a result bringing all farm businesses and factory undertakings under the government initiative. Deng Xiaoping adopted the Capitalist policies to reform the economic stability of China to restore and regrow the confidence of people towards the government.

Allowing Private firms to operate on their own also aiming on foreign undertakings and tie up investments. This can rightly be the conclusion of the economy in China and is still being considered as a Capitalist mode of operation although the rest of the aspects being communist on the political levels.