An Interactive Evolution Between Capitalism and Statism in Modern China

From the capitalist Guomindang (GMD) regime to the socialist regime of the Chinese Communist Party (CCP) to the moderate intellectuals, those governing China have been compelled-and at times perfectly willing-to entrust the important task of economic, social, and political reforms to state power and to call the results "state capitalism" or "state socialism." From this perspective, the historical fate of capitalism in modern China has been restricted by the rise of statism.