What is Socialism with Chinese Characteristics? This is how China's economic model works from Geopolitical Economy Report

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What is Socialism with Chinese Characteristics? This is how China's economic model works

1 hour 10 minutes Posted Dec 11, 2025 at 2:02 pm.

Introduction

China has world's largest economy

China's economic development

Poverty reduction

Rising incomes

Life expectancy

Mortality rates

Reform and Opening Up

To get rich is glorious?

Deng Xiaoping's ideology

Primary stage of socialism

Chinese capitalists

Industrialization & urbanization

Birdcage economy (Chen Yun)

State ownership

State-owned enterprises (SOEs)

Grasp the large, let go of the small

Public property

SOE assets

Provincial & local governments

Golden shares in tech companies

Huawei, biggest worker-owned company

Rural cooperatives

Democracy in China?

Foreign investment in China

Global value chain

Foreign direct investment (FDI)

Industrial policy evolution

New quality productive forces

China's green energy revolution

World's manufacturing superpower

US deindustrialization & financialization

US bubble economy

China popped real estate bubble

Inequality & uneven development

Eras of the PRC

Common prosperity in New Era

Gini coefficient

Labor income vs capital income

Poverty alleviation

Wages of Chinese workers

Labor unions in China

USA funds anti-China labor groups

Marco Rubio takes over NED

Delivery workers

996 system is banned

Working hours in China

Imperialism & division of labor

AI & new cold war

Silicon Valley model: monopoly

Market competition in China

China opposes private monopolies

State planning

Cold War Two

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Show notes

How does China's economic model work? Political economist Ben Norton explains the ideas behind Socialism with Chinese Characteristics, discussing China's socialist market economy, historical development, reform process, poverty reduction, industrial policy, and more.

VIDEO with charts here: https://www.youtube.com/watch?v=6E89qUXTX-k

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