Modern China isn't a full Soviet-style command economy, it's an attempt to blend some aspects of a command economy into a market-based system. The government e

Modern China isn't a full Soviet-style command economy, it's an attempt to blend some aspects of a command economy into a market-based system. The government effectively sets priorities, but lets the market figure out how to do them. This is a new thing, and we don't really know how well it works yet.