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this post was submitted on 27 Mar 2025
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Asklemmy
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This is absolutely nitpicking, but China is already Socialist, and considers itself as such. They have a "stages" theory of Socialism itself, 2050 is for the next stage in Socialism. They are Socialist becuse Public Ownership is principle in their economy, ie large firns and key industries are state owned and controlled, while smaller and less critical industries are privately owned. A rubber factory has power over the rubber ball factory, to give a quick example.