>>3651China is a socialist market economy. Key features include:
- State ownership and control of all major essential sectors.
- Regulation heavily geared towards producing abundance and low prices to benefit the people and national interests, even if that means "over-supply" and hurting the bottom line for shareholders.
- State and collective ownership of all land.
- Strong regulation to keep housing cheap and prevent it becoming a speculative asset.
- Capitalists have no control over the government, politicians, and general decision making for society, the CCP with communist
ideals is the one in power.
- Strong social safety nets including free healthcare, higher education, and free or subsidized housing and food.