system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: How is communism effective with the economic system of China? What makes China different from USSR, where China was able to avoid economic collapse?
gpt
China isn't really socialist or communist any more. Socialism is the social (ie government or collective) ownership of the means of production (capital - factories, tools...the things workers use to make things). China is better understood as a mixed economy - many broadly capitalist areas with significant government intervention and control.