The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises.

Originating in the Chinese economic reforms initiated in 1978 that integrated China into the global market economy, the socialist market economy represents a preliminary or "primary stage" of developing socialism. Commentators describe the system as a form of "state capitalism"

"The question is "Would/will the People's Republic of China move in the direction of democratizing their enterprises: state-owned, private, domestic, foreign or not? Will they hold on to socialism with Chinese characteristics, in terms of what they have now, or will they move to a different definition?" That's an open question for the People's Republic of China, but let me be clear, it's an open question for everybody in all capitalist countries, with all socialist political organizations. Which way are you going to go depends on what definition of capitalism versus socialism you work with, and you may not be conscious about it, but you're making that choice whether you're aware of it or not.

Communism is a sociopolitical, philosophical, and economic ideology within the socialist movement,whose goal is the creation of a communist society, a socioeconomic order centered on common ownership of the means of production, distribution, and exchange that allocates products in society based on need.

Socialism is a broad political and economic ideology advocating for social ownership and control of the means of production, typically by the state or government. It aims to create a more egalitarian society by distributing wealth and resources more evenly than in capitalist systems. Socialism encompasses various forms, including democratic socialism, market socialism, and communism. 

Ignorance is a dangerous force that can destroy the social harmony of a nation. When people lack knowledge and understanding of different cultures, religions, and lifestyles, they tend to discriminate against those who are different from them. This discrimination can lead to division and conflict within the society.

OFFICIAL NAME: People's Republic of China. FORM OF GOVERNMENT: Communist state. CAPITAL: Beijing (Peking) POPULATION: 1,397,897,720. OFFICIAL LANGUAGES: Standard Chinese, Mandarin. MONEY: Yuan (or renminbi) AREA: 3,705,405 square miles (9,596,960 square kilometers) MAJOR MOUNTAIN RANGES: Himalaya.