system
Given the following post, respond as if you're commenting on Reddit:
human
In terms of classical economic theory, is China's economy still defined as a centrally-planned economy? Or has it evolved pragmatically or in theory to something else? Something new?
gpt
In economics, we really have no reason to "define" China's economy, except as a set of institutions. However autocratic Chinese politics are, it's still true that the CCP is not outright planning much of the economy in a centralized way.