Socialist Market Economy in China

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Fudan University Shanghai Departement of Sociology Course: Introduction to Chinese Society and Culture Instructor: Prof. Yu Hai Dr. Hu Anninng Nathan Sperber Essay China is officially described as a “socialist market economy” today. Is this phrase accurate? Name: Patrick Schrickel Student ID: d2012090123 Fall Semester 1. Introduction................................................................................................................................3 2. Conceptionel foundations.....................................................................................................3 3.1. Definition market economy..........................................................................................4 3.2. Chinas socialist market economy...............................................................................5 3.3.1. Private sector...........................................................................................................7 3.3.2. State owned sector................................................................................................7 3. Socialism......................................................................................................................................8 4. Conclusion...................................................................................................................................9 5. References.................................................................................................................................10 1. Introduction Died in 1997, chinese statesman Deng Xiaoping would be 108 Years old these days. But even he is dead his influence in china is still perceptibly. Chinas transition to a socialist market economy describes the unique nature of chinese experience trying to apply a market

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