Part 16/17:
In summary, China's recent economic growth and poverty reduction are primarily outcomes of market reforms, capitalism, and opening to foreign investment—policies diametrically opposed to classical socialism. The narrative claiming that China exemplifies successful socialism ignores the historical failures of Mao’s policies, downplays the importance of market liberalization, and misinterprets economic data.
Most of China’s supposed “success” can be traced to policies that promote private ownership, free exchange, and limited state control—features that are incompatible with traditional socialism and more in line with capitalist principles.