“In the CCP's view, China is not a capitalist country because despite the co-existence of private capitalists and entrepreneurs with public and collective enterprise, the state holds a monopoly on all land ownership and a primary ownership stake in the economy's largest and strategic enterprises, while the party retains control over the state and the direction of the country.[1] However, many scholars consider the Chinese economic model as an example of authoritarian capitalism,[14][15] state capitalism[16] or party-state capitalism”
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