Is China Socialist?
It has been 40 years since Deng Xiaoping broke dramatically with Maoist ideology and the Maoist variant of socialism. Since then, China has been transformed. Spectacular growth, powered by the expansion of markets, has made urban China into a mainly middle-class society and lifted hundreds of millions of rural residents out of poverty. Throughout these enormous changes, China has always officially claimed to be socialist. Since 1992, China has called itself a “socialist market economy.” Does the “socialist” label make sense when applied to China today?
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