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.
Peasant Party (Taiwan)
The Peasant Party regards the two belligerent parties of the Chinese Civil War (the People's Republic of China versus the Republic of China; or the Communist Party of China versus the Kuomintang) should recognize each other as sovereign States, similar to the model adopted by the Federal Republic of Germany and the German Democratic Republic. It predicts that the two parties will reunite when the economic conditions become similar. However, the Peasant Party does not consider the islands of Taiwan and the Pescadores part of China, because they consider the Republic of Formosa of 1895 recovers de jure sovereignty over these islands, after the surrender of Japan following World War 2. This led them to assert that the current sovereign territory of the Republic of China only covers Quemoy and Matsu (both historically and administratively part of Fujian).