Most communist governments also have a communist economic system. China has limited capitalism. How is this possible? List three ways in which capitalism exist in modern day China.

China, after the Chinese Civil War and the establishment of the People's Republic after the victory of the faction led by Mao Zedong, became a communist dictatorship. It was only after Mao's death in 1976 and Deng Xiaoping's rise to power that the country began to carry out reforms aimed at opening the economy to the world and capitalizing on its production. Thus, China began a process that today shows an entirely capitalist nation in macroeconomics, still being socialist and dictatorial in cultural and social issues.

There are several indicators that demonstrate the prevalence of capitalism in China today. On the one hand, the enormous number of Chinese companies that sell their products in the international market, such as Huawei, Xiaomi, Chery or ICBC, which are listed on the world's main exchanges and are completely open to the markets.

Another indicator is the existence of a consolidated internal market in the country, where Chinese citizens interact commercially through a currency, the Yuan, obtained through wages in private companies, with which they can freely acquire (or almost ) the goods they need for their subsistence.

The third indicator, and the strongest of all, is the economic predominance of China in the international economy, consolidating itself as the second global economic power only behind the United States.

a

explanation:

your answer is 1930's

explanation

this is just around the time the great depression was starting and putting the us ecnomy into ecnomic failure causing the goverment to take a much larger rule to try and pieace it back together