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.
Ideology of the Communist Party of China
Karl Marx argued that society went through different stages of development, and believed that the capitalist mode of production was the third stage. The stages were: ancient, based mostly on slavery; feudal; capitalist; socialist; and the communist mode of production. The attainment of true "communism" is described as the CCP's and China's "ultimate goal". While the CCP claims that China is in the primary stage of socialism, party theorists argue that the current development stage "looks a lot like capitalism". Alternately, certain party theorists argue that "capitalism is the early or first stage of communism." In official pronouncements, the primary stage of socialism is predicted to last about 100 years, after which China will reach another developmental stage. Some have dismissed the concept of a primary stage of socialism as intellectual cynicism. According to Robert Lawrence Kuhn, a China analyst, "When I first heard this rationale, I thought it more comic than clever—a wry caricature of hack propagandists leaked by intellectual cynics. But the 100-year horizon comes from serious political theorists".