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China is building its own socialism / Kondrashova, Ludmila   Journal Article
Kondrashova, Ludmila Journal Article
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Summary/Abstract The revolution of 1949 in China marked the country’s transitionfrom “bureaucratic feudalism” to the building of socialist society. The begin-ning of the policy of reforms (1978-1979) is now interpreted as “another rev-olution” – a transition from “state socialism” to “market socialism.” Judgingby the decisions of the 19th CPC Сongress, at present China begins a newstage of socioeconomic development aimed at combining the personal inter-ests of its citizens with public and state interests. The new stage of reforms canbe characterized as the “third Chinese revolution” with very important conse-quences for the entire social structure of the country. The Chinese multilayeredmarket economy will correspond to a mixed political system that features acombination of strong centralized power with party-and-government manage-ment and democratic methods of administration at a lower level.
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