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.
Geography of China
The structure of government in China is in the framework of a socialist republic which is run by a single party: the Communist Party of China. The party wishes to control and manage the ideology of their subjects to maintain their political dominance in China. For example, Document number 9, or the Communiqué on the Current State of the Ideological Sphere, was a document circulated in China in 2013 to warn the citizens of China against some western values such as media freedom. The president of China is the highest position of the country and is the ceremonial figurehead of the National People's Congress. Currently Xi Jinping is the president of China and the chairman of the Central military commission.