What elements of free enterprise does China's command economy now include?

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2026-07-19 23:21

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China's command economy has incorporated elements of free enterprise through the adoption of market-oriented reforms since the late 1970s. These include the establishment of Special Economic Zones (SEZs) that allow foreign investment and private entrepreneurship, increased autonomy for state-owned enterprises, and the introduction of market mechanisms in pricing and resource allocation. Additionally, the growth of a private sector has led to greater competition and consumer choice, contributing to China's significant economic expansion while still maintaining state control over key industries.

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