Model used: Basic
China Adopts Capitalism
China transitions to a fully capitalist economic system, driven by the desire for increased economic growth and integration with the global market. The scenario envisions a complete overhaul of the existing socialist market economy, including privatization of state-owned enterprises and deregulation of key industries.
Deng Xiaoping, the pragmatic architect of China’s economic reforms, famously justified introducing capitalist elements with the maxim: "It doesn't matter whether a cat is black or white, as long as it catches mice."
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Model used: Basic
China Adopts Capitalism
China transitions to a fully capitalist economic system, driven by the desire for increased economic growth and integration with the global market. The scenario envisions a complete overhaul of the existing socialist market economy, including privatization of state-owned enterprises and deregulation of key industries.
Deng Xiaoping, the pragmatic architect of China’s economic reforms, famously justified introducing capitalist elements with the maxim: "It doesn't matter whether a cat is black or white, as long as it catches mice."
Supports China transitioning to a fully capitalist economic system
Opposes China transitioning to a fully capitalist economic system
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