Communism is a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public.
The main difference is that under communism, most property and economic resources are owned and controlled by the state (rather than individual citizens); under socialism, all citizens share equally in economic resources as allocated by a democratically-elected government.
Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries but to be building and working toward the establishment of socialism in their countries.
A communist society is characterized by common ownership of the means of production with free access to the articles of consumption and is classless, stateless, and moneyless, implying the end of the exploitation of labour.
Communism (from Latin communis, 'common, universal') is a philosophical, social, political, and economic ideology and movement whose goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common or social ownership of all property and the absence of social classes, ...
Communist ideology supports widespread universal social welfare. Improvements in public health and education, provision of child care, provision of state-directed social services, and provision of social benefits will, theoretically, help to raise labor productivity and advance a society in its development.
In a communist system, people are entitled to jobs. Because the government owns all means of production, the government can provide jobs for at least a majority of the people. Everyone in a communist country is given enough work opportunities to live and survive.
The most significant disadvantage of communism is the fact that it eliminates the free market from domestic society. That means there are no laws of supply and demand available to set the prices for consumers to pay.
|People's Republic of China 中华人民共和国 (Chinese) Zhōnghuá Rénmín Gònghéguó (Pinyin)|
|Government||Unitary Marxist–Leninist one-party socialist republic|
|• CCP General Secretary President CMC Chairman||Xi Jinping|
|• Premier||Li Keqiang|
|• Congress Chairman||Li Zhanshu|
China has a land area of 9.3 million square kilometers (3.6 million square miles), which is 2.2% larger than the US land area of 9.1 million square kilometers (3.5 million square miles).
The creation of the PRC also completed the long process of governmental upheaval in China begun by the Chinese Revolution of 1911. The “fall” of mainland China to communism in 1949 led the United States to suspend diplomatic ties with the PRC for decades. Communists entering Beijing in 1949.
China owns hundreds of thousands of acres of open land and housing around the world. China and Chinese investors own around 200,000 acres in the United States—but much more in Asia and Africa.
In this short book Peter Nolan - one of the leading international experts on China and the global economy - probes behind the media rhetoric and shows that the idea that China is buying the world is a myth.
Canada is the biggest foreign owner of U.S. agricultural and timber land, and owns 4.7 million acres in the United States. The Netherlands is the second largest foreign owner with 4.6 million acres.
Sep 27, 2021
Walmart is not owned by China as of 2022. Walmart's founding family, the Waltons, currently owns Walmart, along with shareholders. They operate using family-owned shares such as Walton Enterprises LLC and Walton Family Holdings Trust. Other American investors such as Vanguard Group own 5% in shares.
|Type of site||Search engine|
|Founded||12 April 2006|
|Headquarters||Beijing , China|
China has steadily accumulated U.S. Treasury securities over the last few decades. As of October 2021, the Asian nation owns $1.065 trillion, or about 3.68%, of the $28.9 trillion U.S. national debt, which is more than any other foreign country except Japan.
What would happen to China's economy if America completely stopped buying it's exported products? ... Around 4% of China's GDP and 3% of America's GDP would temporarily disappear and then reappear as increased Chinese exports to Europe/Russia/Africa/India and increased US imports from those regions.
approximately $1.06 trillion
How Much Money Does the U.S. Owe China? The United States owes China approximately $1.06 trillion as of January 2022.
The Chinese government uses U.S. dollars it has on hand to buy Treasurys. It receives these dollars from Chinese companies that receive them as payments for their exports. China's demand for Treasurys helps keep U.S. interest rates low. It allows the U.S. Treasury to borrow more at low rates.