Since joining TSR, I have noticed a lot of resentment towards China especially from those who are uneducated and are ignorant of the facts. I myself am half Chinese, with my mother from Hong Kong. Also, for those who want to bring up issues of human rights and such like, I would just like to clarify that I don’t condone China’s behaviour, I simply want to clear up some myths about China and its government.
Firstly, China is not a communist state. It was in the past, perhaps 25 years ago before Deng Xiaoping’s reforms and in the time of Chairman Mao, however now it operates as a socialist market economy. This means most of the large enterprises such as steel are owned by the state, however operate under a market system ie: price mechanism sets price levels. Also there is large competition amongst state owned enterprises which acts similar to a free market, just the government receives the profits. It isn’t a spectacular idea, however is not communism as some suggest it is.
Next China is not a planned economy because in such an economy, all the goods and services are produced by the state. In china 75% of GDP is made up of private sector production
China is not a dictatorship because a dictatorship results in one overall leader who has firm control over the country eg: Mao Zedong. Ask many Chinese, and they will tell you Hu Jintao does not have such control as granted to Mao. This is because the government of China ie: where the power lies, is a small standing committee called a Political Bureau. A certain amount of members sit on it, and make all the key strategic decisions as a collective unit. It does not have a dictatorship simply because there is only one party. Singapore only has one party and also has an extreme authoritarian government- would not exactly call Singapore a dictatorship (having visited it and being fined for littering, I would probably say it is more like a Stalinist regime )
Anyway, after this rant, I would just like to reiterate that I do not ‘love’ China(see edit please) and am not oblivious to its faults. I am criticising those who bemoan certain aspects of it’s economy and government without knowing the facts. I do however love Hong Kong, voted the freest economy in the world every year since 1995. Good times
PS: I won my school research paper on the topic of China’s econmy. Just stating where my sources are from.
EDIT: Sorry i did not clarify this but i am loyal to China, just not as loyal as i am to Scotland and Hong Kong. It is like saying i love Scotland, but am loyal to the UK as a whole. Hong Kong is a special administrative region ie: little control from Beijing.