China’s economic system is called authoritarian capitalism.
Under the colonial model, China exported a great deal of its wealth overseas. Post-WW2, they have domesticated their wealth and accumulated capital/infrastructure for the benefit of the local working population. This transition, from colonial expropriation to domestic social development, is a crucial stepping stone towards the Socialist mode of production.
Also, please don’t call China “socialist.” It’s offensive
Under the colonial model, China exported a great deal of its wealth overseas. Post-WW2, they have domesticated their wealth and accumulated capital/infrastructure for the benefit of the local working population. This transition, from colonial expropriation to domestic social development, is a crucial stepping stone towards the Socialist mode of production.
eye-roll
Removed by mod
Americans are the most propagandized people on earth