Public ownership is the principle aspect of their economy, and a working class party has domination over their state. The large firms and key industries are overwhelmingly publicly owned, with massive state owned enterprises forming the backbone of their economy. Private, cooperative, and joint-stock ownership covers mostly the small and medium firms, and the larger of these are heavily controlled and influenced by the CPC.
As for being “mixed,” all economies are mixed, that doesn’t mean we can’t identify what the principle aspect of the economy is. Socialism isn’t a “pure” mode of production, and neither is capitalism, you don’t have X% capitalism, Y% socialism, etc. That’s not how modes of production work.
Public ownership is the principle aspect of their economy, and a working class party has domination over their state. The large firms and key industries are overwhelmingly publicly owned, with massive state owned enterprises forming the backbone of their economy. Private, cooperative, and joint-stock ownership covers mostly the small and medium firms, and the larger of these are heavily controlled and influenced by the CPC.
As for being “mixed,” all economies are mixed, that doesn’t mean we can’t identify what the principle aspect of the economy is. Socialism isn’t a “pure” mode of production, and neither is capitalism, you don’t have X% capitalism, Y% socialism, etc. That’s not how modes of production work.
Saying the public has ownership implies that they have some control of it which certainly isn’t true. It’s more like a Palace economy than anything.
The government is democratically run, and the working class is in control of it. It absolutely is true.