- To
-
Julius Sello Malema
- From
-
James Gumede
- Subject
- Capitalist China
- Date
- May 19, 2025, 9:36 a.m.
Dear Julius Sello Malema,
When did China adopt capitalism?
Against conventional wisdom, we take the end of 1976 as the start of post-Mao reform and argue that China basically became a market economy by the end of the 90s before it joined the World Trade Organization in 2001.
China implemented price reform in 1992, tax reform in 1994, and began to privatize state enterprises in the mid-1990s.
Stop being anti capitalist and follow successful China.
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