China is the best example of red capitalism , but the last 30 years China has evolved a lot. China is evolving into a free-market economy. They have big ambition to catch up the West and become the new market leader on the free-market economy and stealing the role from the USA. In our European economy you can see that China is becoming a powerfull player. Technology is their strongest asset. But there are still a lot of negative marks in the Chinese Economy like the proporty market. For the moment, the market is closed. The government has a tight policy on the market. The price of a house is very high and private houses are not affordable .If China wants to become the new market leader , they have to change this. The biggest problem of China is the fact that they have a good economy but only a small part of the inhabitants can profit from it. The most of them are poor and don't earn much. Health care is also negative mark. Their economy is only based on making profit, but not on the well being off the inhabitants. That can maybe lead in the futur to a decrease of the economy. To conclude, economy of China has evolved into one of the most prosperous countries. But they have to improve some marks to become the market leader and to create a steady economy
Junot Roegiers
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