China,with its strong individualistic,entrepreneurial,free-market spirit,historically has been viewed as the leading economically capitalistic economy in the world.

Question

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China has historically been a socialist economy with a strong state-owned sector and government control over the economy. However, in recent years, China has undergone significant economic reforms toward a more market-oriented system. While it does have a growing private sector and entrepreneurial spirit, it still has significant state involvement in the economy.

China,with Its Strong Individualistic,entrepreneurial,free-Market Spirit,historically Has Been Viewed as the Leading