An Upgraded State-Planned Economy May Be Accelerated in China After the 20th Congress: Experts

Started by Epoch-Times-Bot, Oct 17, 2022, 01:45 PM

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Epoch-Times-Bot

Oct 17, 2022, 01:45 PM
An Upgraded State-Planned Economy May Be Accelerated in China After the 20th Congress: Experts

Commentary
With the 20th congress of the Chinese Communist Party (CCP) starting on Oct.16, Xi Jinping's re-election seems to be a given. In the face of a deteriorating economy, Xi's government may go ahead with "one state-owned enterprise for one industry" and "national unified market," an upgraded model of the planned economy, experts say.
This could be traced back to the "People's Economy" theory proposed by professor Wen Tiejun at the Renmin University of China, an academic institution with a Communist background, in late September.
‘People's Economy’
In his theory, Wen claimed that the only way to implement universal ownership is to make state-owned enterprises bigger and stronger, and that "the people's economy replacing the market economy is the world's trend."...

Source: An Upgraded State-Planned Economy May Be Accelerated in China After the 20th Congress: Experts

xenzol

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Aug 06, 2024, 04:23 PM
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