what type of economy is China?
mixed economy: the socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction: what type of economy is China?
### Input: 
### Response: mixed economy: the socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China