Socialist market economy
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is based on the predominance of public ownership and state-owned enterprises within a market economy. The term "socialist market economy" was first used during the 14th National Congress of the Communist Party of China in 1992 to describe the goal of China's economic reforms. Originating in the Chinese economic reforms initiated in 1978 that integrated China into the global market economy, the socialist market economy represents a preliminary or "primary stage" of developing socialism. Despite this, many Western commentators have described the system as a form of state capitalism.
Socialist Action (Hong Kong)
Socialist Action () is a Trotskyist political organisation in Hong Kong. It is affiliated to the Committee for a Workers' International (CWI).
It works closely with the CWI sections in China and Taiwan. It describes itself as being based on the method and analysis of Marxism, to politically re-arm and organise the working class in the fight for a socialist world. They oppose the billionaire-dominated Chinese Communist Party (CCP) dictatorship, which they claim has made China the 'Sweatshop of the World' with one of the most extreme wealth gaps on the planet. They stand for the creation of fighting independent trade unions by Chinese workers to fight against capitalist exploitation and authoritarian rule.