economic problem

Socialist market economy is a formal description of People's Republic of China (PRC)'s economic form after the reform and opening up. From 1992, when Deng Xiaoping visited Shenzhen, he established the popular saying that the public ownership economy is the socialist economy, and all non-public ownership economies such as individual, private and foreign capital are market economies, so they are collectively called the socialist market economy.

2. A joke-the metaphor of socialist market economy

Do you know the internationally famous political jokes? Ceausescu and Tito invited Deng Xiaoping to hunt and drove to a T-junction. Ceausescu turned on the left light and turned left, and the car turned over; Tito turned on the right light, turned right and turned over the car; Deng Xiaoping turned right with the left light on and arrived at his destination.