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Grace OP wrote

They have market socialism. Socialism with Chinese characterstics. The material conditions of China were unique, and Deng saved China from infinite sanctions, and let China grow.

Billionaires exist, but they are commonly executed and jailed for their crimes against the laborers. Out of the entire Chinese communist diet (or congress or whatever it's called) there is about 4000 people. Only 24 of them are capitalists.

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