China and Market Economy

             China is a socialistic country, its economic system is Market Economy; USA is a capitalistic country, its economic system also is Market Economy. But there are a lot of differences between these two countries. The economic system in China is named socialistic market economy, which in USA is named capitalistic market economic. Because these two countries have different politics. So the different places maybe feedback in their economic system.
             Two thousand years feudal history in China is proverbial. So China didnft have capitalism, so China didnft have economic amass. And because of the Opium WarAWorld War IIALiberate War, the economic system of China is almost disorganization. Just the reverse, USA make a lot of money or the other wealth from warAinternational trade and the other things. Of course the economic system in USA is much better than China.
             China is a socialistic country; USA is a capitalistic country. So the government may establish some policies in their different positions. And of course the policies are not all the same. I think the different policies may take a big influence to economy.
             For example: Market economic system is very different from command economic system. In the command economic the government takes an important place. gThe government committees of economic planners, production experts, and political officials establish production levels for these goods designate which factories will produce them. The central planning committees also establish the prices for the shirts and blouses, as the wages for the workers who make them. It is this set of central decisions that determines the quantity, variety, and prices of clothing and the other products.h Because of the production quotas, the manufactories can not produce enough products for the customers, thus the shortages of the goods will always happened. So at that time the economic grow in China is very slow, but USA is not. The development ...

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China and Market Economy. (1969, December 31). In MegaEssays.com. Retrieved 09:45, April 20, 2024, from https://www.megaessays.com/viewpaper/18257.html