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☆ Yσɠƚԋσʂ ☆@lemmy.ml to GenZedong@lemmygrad.mlEnglish · 2 years ago

“when we promised to adopt a market economy [to the WTO], we made it absolutely clear that it would be a socialist market economy.”

news.cgtn.com

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“when we promised to adopt a market economy [to the WTO], we made it absolutely clear that it would be a socialist market economy.”

news.cgtn.com

☆ Yσɠƚԋσʂ ☆@lemmy.ml to GenZedong@lemmygrad.mlEnglish · 2 years ago
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China joined the WTO 20 years on: From the man who negotiated it
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Long Yongtu was the Chief Negotiator for China's resumption of the General Agreement on Tariffs and Trade (GATT) and its accession to the WTO.
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  • Shrike502@lemmygrad.ml
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    2 years ago

    Socialist market economy? So NEP?

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      2 years ago

      Yup, NEP is pretty much exactly what China’s been doing.

  • strwbrryJen@mastodon.social
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    2 years ago

    @yogthos chinese titoism? this is the first thing that popped into my head

    • ☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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      2 years ago

      Kinda, there was also similar idea in Hungary with goulash communism. Seems like China managed to make the concept work the best though.

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