[Answer] How could the Chinese economy be characterized?

Answer: mixed but on the side of centrally planned
How could the Chinese economy be characterized?

Economic history of China (1949–present) – Wikipedia

Economic history of China (1949–present) – Wikipedia

Economic history of China (1949–present) – Wikipedia

Economic history of China (1949–present) – Wikipedia

China is the world’s largest producer and consumer of agricultural products – and some 300 million Chinese farm workers are in the industry mostly laboring on pieces of land about the size of U.S farms. Virtually all arable land is used for food crops. China is the world’s largest producer of rice and is among the principal sources of wheat corn (maize) tobacco soybeans potatoes sorghum peanuts tea millet barley oilseed pork and fish. Major non-food crops including cotton other fibers and oilseeds furnish China …

The economic history of China describes the changes and developments in China’s economy from the founding of the People’s Republic of China (PRC) in 1949 to the present day. China has been the fastest growing economy in the world since the 1980s with an average annual growth rate of 10% from 1978 to 2005 based on government statistics.

China officially the People’s Republic of China (PRC) is a country in East Asia.It is the world’s most populous country with a population o…

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