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What makes you think China is a "Command" economy? USSR was a command economy. In China the Government funnels money into areas that are its priority but much o
by sfifs 7y ago
What makes you think China is a "Command" economy? USSR was a command economy. In China the Government funnels money into areas that are its priority but much of the economy runs on private innovation & fairly intense competition, especially the tech and software economy.
- mensetmanusman 7y agoIt has a large % that is command based. Evidence is in scrambling municipalities when their investments are dictated and end up going bad anyway. (Or they prop up performance numbers to not catch anyones attention, this is leading to massive shadow-banking activity).
- newnewpdro 7y agoMaybe the article being discussed? "The towns are typical of China’s command-led approach to its economy."