I would argue China has moved away from Communism since Deng Xiaoping. Deng recongized in order for China to become a global superpower, China must embrace glo

I would argue China has moved away from Communism since Deng Xiaoping. Deng recongized in order for China to become a global superpower, China must embrace globalization and do trading with other countries. While the state still owns most of the wealth, the core Communism is more of a political basis and perhaps even just a symbol. The Chinese Communist Party now promote ehat’s known as “Chinese-style socialistic capitalism” (中國特色社會資本主義), which in its simplest interpretation means state-controlled capitalism. Chinese welcomes foreign investors, encourage Chinese private business to grow while the country remains single-party. “In some emerging markets, the rich are allowed to stash their wealth offshore, which starves their country of investment funds. China kept its capital account firmly shut, trapping savings in the country. Its Party-controlled banks then directed these funds to state firms that built everything from highways to bullet trains, transforming a backward nation into a modern one.” [1] Despite wealth is still controlled by the government and top executives (Alibaba, Tencent for example), Chinese’s middle class and grass-root can still enjoy a relatively good life. The challenges the government now face are (1) undeveloped frontier, (2) boiling housing market, and (3) stablize growth. The government is fear of a slowdown and a market bubble). It’s amazing how the Chinese government is effective in growing the country. I don’t like its dictorial regime, but when our American state, local and federal governments are so indecisive and constantly arguing over a budget to fix our fragile physical infrastructure like bridges and electricity, and how much relief aids we should provide to Puerto Rico, I ought to ask if there’s anything we can learn from Chinese... For those living outside of the US, Congress hasn’t been able to approve our annual spending/budget bill... the next deadline is Jan 19, and if we do not pass this budget bill, we will face a “shutdown”. We have to deal woth this threat almost every year in the last several years... [1]: http://www.scmp.com/comment/insight-opinion/article/1843949/democracy-done-economic-model http://www.scmp.com/comment/insight-opinion/article/1843949/...