Thinking About China
Opinion

Economic Regulations With CCP Characteristics

Marxist-Leninist economics are an oxymoron.
Economic Regulations With CCP Characteristics
A general view of buildings in the abandoned Qingquan Steel plant, which closed in 2014 and became one of several so-called zombie factories, in Tangshan, China, on Jan. 26, 2016. Kevin Frayer/Getty Images
Stu Cvrk
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Commentary

The Chinese Communist Party (CCP) has been forced over the years to incorporate Western economic concepts like “market-oriented reforms” and “supply-side structural reforms” into its regulatory framework to deliver a “socialist market economy with Chinese characteristics” while maintaining central control in pursuing Party leader Xi Jinping’s oft-stated goals of “promoting high-quality development and innovation.”

Stu Cvrk
Stu Cvrk
Author
Stu Cvrk retired as a captain after serving 30 years in the U.S. Navy in a variety of active and reserve capacities, with considerable operational experience in the Middle East and the Western Pacific. Through education and experience as an oceanographer and systems analyst, Cvrk is a graduate of the U.S. Naval Academy, where he received a classical liberal education that serves as the key foundation for his political commentary.