Socialist market economy
The socialist market economy is seen by the Communist Party of China as an early stage in the development of socialism (this stage is variously called the "primary" or "preliminary" stage of socialism), where public ownership coexists alongside a diverse range of non-public forms of ownership. The Communist Party of China maintains that despite the co-existence of private capitalists and entrepreneurs with public and collective enterprise, China is not a capitalist country because the party retains control over the direction of the country, maintaining its course of socialist development. Proponents of this economic model distinguish it from market socialism as market socialists believe that economic planning is unattainable, undesirable or ineffective and thus view the market as an integral part of socialism whereas proponents of the socialist market economy view markets as a temporary phase in development of a fully planned economy.
Joan Hinton
In a 1996 interview with CNN, after nearly 50 years in China, she stated "[we] never intended to stay in China so long, but were too caught up to leave." Hinton described the changes she and her husband had witnessed in China since the beginning of the economic reforms of Deng Xiaoping in the late 1970s. They stated they "have watched their socialist dream fall apart" as much of China embraced capitalism. A 2004 MSNBC interviews noted her critical assessment of economic change as "betrayals of the socialist cause." She noted what she describes as a rise of exploitation in Chinese society.