In the last 30 years, China has modified significantly, both politically and economically. Term 'one country, two systems' is frequently used to describe the unique development of this country. Chinese products can be found not only in Asia but all over the world. Chinese investments are not limited to region, but are reaching places from Africa to U.S. Read about these changes using present academic literature and business newspapers (Financial Times, Wall Street Journal, Business Week, The Economist). Based on your present knowledge of economic systems, reply the following problem:
Is China capitalistic or socialistic economy? Why do you think it is such?