Writes Allen Forkum:

An AP article titled “China Planning Constitutional Changes” reports that the communist nation is considering a formal acceptance of capitalistic ideas.

“The news reports gave no details of the possible changes. But foreign analysts say they include the communist era’s first guarantee of property rights for entrepreneurs who have driven China’s two- decade-old economic boom. […] “It wasn’t until 1999 that the constitution was amended to declare private business an ‘important component’ of the economy, not just a ‘complement’ to state industry.”


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