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 Party (Australia)
SP campaigns for democratic socialism, opposing the bureaucratic 'communist' dictatorships of countries such as China, North Korea, and Cuba. It is closely affiliated with the CWI sections in Taiwan, Hong Kong and mainland China which stand in opposition to the Chinese Communist Party. It follows in the Trotskyist tradition of internationalism, and attempts to produce a Marxist analysis of current events to inform its various campaigns. It approaches collaboration with other left groups from a 'united front' perspective, working alongside other groups while maintaining independent political views.