16 Feb 2023 11:04 am
Yes. It is dated, but still holds true.Monderegal » 16 Feb 2023, 10:10 am » wrote: ↑ That book is a little dated but still holds up somewhat in light of the fall of the USSR (around the turn of the century). Now China remains a Communist nation and many nations (India and Russia are of large note) have turned somewhat towards autocracy. Still, the market based economy holds even in China although they have had a slowdown in their economy as of late.
China is not 'Communist', it is a capitalist, market-based economy.
It's Stocks, like Baidu, Tencent, Alibaba, trade on the Stock Exchanges.
Americans invest and trade Chinese Stocks everyday.
China is a member of the World Trade Organization (WTO).
Now, the Government is 'Autocratic', but so is Saudi Arabia. That doesn't mean it's 'communist'.