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SingaporeChina StudiesQuick questions
Economic Reform and Transformation
Quick questions on The socialist market economy explained: H2 China Studies
4short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is the "China model" debate?Show answer
The distinctiveness of this system fuels the "China model" debate. Some argue that China has discovered a genuinely different and successful path, combining the dynamism of markets with the strategic capacity of a strong state to deliver rapid development, an alternative to the Western liberal model. Others argue that the model is less distinctive and less transferable than it appears: that growth came from standard sources (opening, investment, cheap labour, catch-up) and that the heavy state role generates serious inefficiencies, debt and misallocation. The 2013 reform pledge to let the market play a "decisive role" in allocation, while keeping the state dominant, showed the leadership itself wrestling with where to set the balance.
What is q1?Show answer
Explain what the term "socialist market economy" was intended to reconcile. [4 marks]
What is q2?Show answer
Explain three ways the state remains dominant in China's economy. [12 marks]
What is q3?Show answer
"China's economic model is distinctive enough to count as a genuine alternative to Western capitalism." How far do you agree? [20 marks]
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