China abandoned socialism because they use markets.
No, but because most money, gdp (3/4), companies and work (80%) etc is fully privately owned with no state ownership at all, because the workers rights are not improving (gig economy booming, retirement going up, vacation being 5 days per decade of work experience, no practical sick leave, the second employment system), because giant companies are slapped on the wrist for transgression and personal C-levels punishments for shit they do like Pinduoduo
No, but because most money, gdp (3/4), companies and work (80%) etc is fully privately owned with no state ownership at all, because the workers rights are not improving (gig economy booming, retirement going up, vacation being 5 days per decade of work experience, no practical sick leave, the second employment system), because giant companies are slapped on the wrist for transgression and personal C-levels punishments for shit they do like Pinduoduo
please stop smoking crack, it’s not good for you https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among
You do know those are not the same? Its literally like saying that USA citizens live good life because S&P is over 50k.
Edit: and if you don’t believe me about gdp, here you have PRC press release from 3 years ago about Privately owned enterprises (POE means no government shares) http://english.scio.gov.cn/m/pressroom/2022-06/29/content_78295756.htm , ans here you have Daecheng Institute listing pure State Owned Enterperprise GDP https://zhuanlan.zhihu.com/p/720545740 at below 30%.
That sounds more like Worst Korea than China or Vietnam.