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.
Socialist Action (Hong Kong)
Socialist Action () is a Trotskyist political organisation in Hong Kong. It is affiliated to the Committee for a Workers' International (CWI).
It works closely with the CWI sections in China and Taiwan. It describes itself as being based on the method and analysis of Marxism, to politically re-arm and organise the working class in the fight for a socialist world. They oppose the billionaire-dominated Chinese Communist Party (CCP) dictatorship, which they claim has made China the 'Sweatshop of the World' with one of the most extreme wealth gaps on the planet. They stand for the creation of fighting independent trade unions by Chinese workers to fight against capitalist exploitation and authoritarian rule.