China’s Socialist Market Economy

In current Chinese market, the socialist market economy refers to the practices of the government to maintain the market while still incorporating aspects of a socialist government. In this market, the use of both socialism and capitalism are incorporated, but not to the extent of a capitalistic ownership of the market. Resources are allocated andContinue reading “China’s Socialist Market Economy”

The Changing Hukou System

The hukou system, or household registration system, and the Danwei (work unit) were put into place in China as a means of social control. This system required that every household, no matter how remote, was to register officially with local police stations. Registered households were issued a booklet of residence, which was used to keepContinue reading “The Changing Hukou System”