Basically, it is a mixed economy with strong flavor of socialism.
Write down every single economy sector, think about whether to run it as state-owned or private-owned will be more beneficial for the nation as whole.
About 40% of GDP is from either state-owned or collective-owned enterprise, about 60% of GDP is from private sector.
Heavy industry, military Industry, utility, transportation and most of hospital and education system is state-owned. Tabacco is state exclusive, top alcohol brand is state-owned etc.
private sector: light industry, consumer goods, small business, high-tech (innovation and venture capital)
Village: every household get a piece of farmland (can be leased can't sell), and a share of village collective-owned estate and enterprise
Write down every single economy sector, think about whether to run it as state-owned or private-owned will be more beneficial for the nation as whole.
About 40% of GDP is from either state-owned or collective-owned enterprise, about 60% of GDP is from private sector.
Heavy industry, military Industry, utility, transportation and most of hospital and education system is state-owned. Tabacco is state exclusive, top alcohol brand is state-owned etc.
private sector: light industry, consumer goods, small business, high-tech (innovation and venture capital)
Village: every household get a piece of farmland (can be leased can't sell), and a share of village collective-owned estate and enterprise