Thinking About China
Opinion

The Chinese Economy: Less Markets, More Socialism

The Chinese Economy: Less Markets, More Socialism
A man stands underneath the pillars displaying Chinese leader Xi Jinping's signature "China Dream" and "One Belt, One Road" foreign policy plan during an event in Beijing on June 29, 2018. Andy Wong/AP
Antonio Graceffo
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News Analysis

In 2012, Xi Jinping told the Chinese people that “only socialism can save China.” Although it was capitalism that dramatically increased the country’s living standards, Xi is leading the country back to the stricter socialism that kept China poor, decades ago.

Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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