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.
Hu Angang
Hu claims that the Chinese socialist system is "superior" to other systems. In a July 2011 article for the "People's Forum", Hu wrote that: "The CPC has always adhered to the mass line, rooting itself among the people in order to make democratic decisions. This is manifested in the superiority of the socialist policy-making system with Chinese characteristics. This policy-making system is based on the mass line of the Party, that is from the masses, to the masses and putting into practice what has been learned from practice."