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Is China Really Still Communist?

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by Martin Armstrong

QUESTION:  Hello Martin –
In today’s “Spread The Love”, you mention at the end that today, neither Russia or are .
I think the assertion that Russia is not communist is probably believable and something most of us have heard in one form or another since 1989…
But how can you say China is not communist?
If they aren’t, please tell me what they are…Thank you!
MSC

ANSWER: Communist means the government owns everything. There is private ownership and stock markets, which do not exist in communism. The government continues to call itself the CCP.

However, in reality, they are no more Communist than the United States. There are many rich Chinese buying art, real estate, and even ancient coins. Communism collapsed in 1989, they just did not want to change the name of the government, for that would be admitting Mao’s ideas were wrong.

I went behind the

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