Socialist market economies are a type of socialist economy, particularly in the primary stage. Socialism isn’t a unique mode of production determined by purity, but just like the others, by its principle aspect. What might help paint a better picture for you is looking at Cheng Enfu’s diagram of the stages of socialism:
China presently is in the primary stage, but is at this point well along to the next stage.
China is a socialist market economy, not a socialist economy.
You can’t have a stock market and be a socialist economy.
Socialist market economies are a type of socialist economy, particularly in the primary stage. Socialism isn’t a unique mode of production determined by purity, but just like the others, by its principle aspect. What might help paint a better picture for you is looking at Cheng Enfu’s diagram of the stages of socialism:
China presently is in the primary stage, but is at this point well along to the next stage.
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