Question

What form has capitalism taken hold in modern China?

Answer 1

Answer:

State capitalism.

Explanation:

State capitalism is an economic system in which the means of production are managed by the state. In rough terms, state capitalism refers to a combination of capitalism (capital accumulation, waged labor, and management) with ownership of part or the whole of commercial enterprises, that is to say, the government controls and manages the economy and reinvests the surplus value that it controls. The opposite of state capitalism would be a free market economy (where the government exercises no control or regulation of the market).

Answer 2

. many state-owned industries are now privately owned