Socialism with Chinese characteristics explained

Subscribe to our YouTube channel for free here: From Deng Xiaoping in the 1980s to Xi Jinping today, China’s leaders have long said the country practises a unique type of socialism – “socialism with Chinese characteristics.” Framed as an adaptive, flexible socialism, it’s tailored specifically to China’s conditions and problems. Initially, the phrase meant an embrace of free markets, free enterprise and trade, to reverse the economic stagnation of the Mao Zedong years. However, current leader Xi Jinping has declared the start of a “new era”, requiring a new type of socialism with Chinese characteristics – with the clearest continuity being that the Communist Party remains large and in charge. Support us: Follow us on: Website: Facebook: Twitter: Instagram: Linkedin: #scmp #China #ChinaSociety