The text describes China as having a dual economic system.This refers to China's _______________ and _______________ tenets.

Question

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China's dual economic system refers to the coexistence of socialist and capitalist economic systems in the country. On the one hand, China practices a socialist economic system that involves state ownership of key industries and planned economic development, while on the other hand, it has increasingly incorporated elements of capitalism through market-oriented reforms, foreign investment, and private enterprise.

The Text Describes China as Having a Dual Economic System