▁in ▁the ▁economy ▁vary ". ▁He ▁then ▁notes : ▁▁ ▁In ▁the ▁common ▁program ▁set ▁up ▁by ▁the ▁Chinese ▁People ' s ▁Political ▁Cons ult ative ▁Conference ▁in ▁ 1 9 4 9 , ▁in ▁effect ▁the ▁country ’ s ▁inter im ▁constitution , ▁state ▁capital ism ▁meant ▁an ▁economic ▁system ▁of ▁corpor at ism . ▁It ▁provided ▁as ▁follows : ▁▁ ▁Analysis ▁of ▁the ▁Chinese ▁model ▁by ▁the ▁econom ists ▁Jul an ▁Du ▁and ▁Ch eng gang ▁X u ▁finds ▁that ▁the ▁contemporary ▁economic ▁system ▁of ▁the ▁People ' s ▁Republic ▁of ▁China ▁represents ▁a ▁state ▁capital ist ▁system ▁as ▁opposed ▁to ▁a ▁market ▁social ist ▁system . ▁The ▁reason ▁for ▁this ▁categor ization ▁is ▁the ▁existence ▁of ▁financial ▁mark ets ▁in ▁the ▁Chinese ▁economic ▁system , ▁which ▁are ▁absent ▁in ▁the ▁market ▁social ist ▁literature ▁and ▁in ▁the ▁classic ▁models ▁of ▁market ▁social ism ; ▁and ▁that ▁state ▁prof its ▁are ▁retained ▁by ▁enter pr ises ▁rather ▁than ▁being ▁equ it ably ▁distributed ▁among ▁the ▁population ▁in ▁a ▁basic ▁income / social ▁divid end ▁or ▁similar ▁scheme , ▁which ▁are ▁major ▁features ▁in ▁the ▁market ▁social ist ▁literature . ▁They ▁conclude ▁that ▁China ▁is ▁neither ▁a ▁form ▁of ▁market ▁social ism ▁nor ▁a ▁stable ▁form ▁of ▁capital ism . ▁ ▁Taiwan ▁ ▁Taiwan ' s ▁economy ▁has ▁been ▁class ified ▁as ▁a ▁state ▁capital ist ▁system ▁influenced ▁by ▁its ▁Len in ist ▁model ▁of ▁political ▁control , ▁a ▁legacy ▁which ▁still ▁ling ers ▁in ▁the ▁decision - making ▁process . ▁Taiwan