Some USMB members have suggested that China has become a capitalistic society.
I pointed out that even China describes itself as a "communist country" and our government sees China as a "communist country" and in spite of that, there are some that say China is not only a "capitalistic society", but the leader of the country is actually the CEO.
Is this a "mainstream" belief? Does it come from mostly one party?
China can call itself whatever it wants, the simple fact of the matter is that China has a mixed-economy. If they were a truly communist country they'd be a third-world country just like North Korea. Did you know the Chinese Communist Party accepts open capitalists into its ranks? China is communist in name only.
Actually China was a full blown communist country. They saw the flaws in that system and have slowly moved away from it.