In terms of economics and businesses, China is not now, in any way, shape or form, Communistic.
In fact, China is probably more capitalistic than the United States at the current time.
China is CINO ('Communist in Name Only'). This has been true for some time, and is the reason China and the former Soviet Union never saw eye to eye or formed an alliance or any pact; in many ways, they were enemies, which divergent interests.
China is a totalitarian state that keep tight wraps on individuals and its political apparatus, and maintains absolute control over the amount of liberties and social 'privileges' it allows its population, but when it comes to business, they are modeled after post-WWII Japan, where the government engages in central planning, but once it plants companies in particular zones and regions, it bends over backwards to do anything and everything to help those businesses grow, profit and thrive, even if it means incredibly high subsidies, especially for those companies engaged in the production of those things the government has earmarked as critical technologies and growth areas in future economic patterns.
They also court foreign corporations like mad, whom they have desire to obtain technology from, such as Intel, Boeing, Honeywell, General Electric, etc., so that they can transfer it eventually to Chinese-based firms.
This is a weakness of the American Business Model. We pressure our corporations to produce short term profits, so as to positively affect their share prices, and we look at things in the context of the short term (think quarters), so much so that we actually encourage some of the companies that have critical, leading edge technologies, R&D and products to actually set up shop in places like China, where the knowledge, plans, designs and R&D they've obtained over decades of investment can be 'lifted' by foreign competitors in short order.
We thinks of the next quarter or next year, and other nations, such as South Korea and China think of the decade and century.
In fact, China is probably more capitalistic than the United States at the current time.
China is CINO ('Communist in Name Only'). This has been true for some time, and is the reason China and the former Soviet Union never saw eye to eye or formed an alliance or any pact; in many ways, they were enemies, which divergent interests.
China is a totalitarian state that keep tight wraps on individuals and its political apparatus, and maintains absolute control over the amount of liberties and social 'privileges' it allows its population, but when it comes to business, they are modeled after post-WWII Japan, where the government engages in central planning, but once it plants companies in particular zones and regions, it bends over backwards to do anything and everything to help those businesses grow, profit and thrive, even if it means incredibly high subsidies, especially for those companies engaged in the production of those things the government has earmarked as critical technologies and growth areas in future economic patterns.
They also court foreign corporations like mad, whom they have desire to obtain technology from, such as Intel, Boeing, Honeywell, General Electric, etc., so that they can transfer it eventually to Chinese-based firms.
This is a weakness of the American Business Model. We pressure our corporations to produce short term profits, so as to positively affect their share prices, and we look at things in the context of the short term (think quarters), so much so that we actually encourage some of the companies that have critical, leading edge technologies, R&D and products to actually set up shop in places like China, where the knowledge, plans, designs and R&D they've obtained over decades of investment can be 'lifted' by foreign competitors in short order.
We thinks of the next quarter or next year, and other nations, such as South Korea and China think of the decade and century.