The Chinese citizens are gripped by panic after the Mao-era controlled economy in the country, not only speeding up the restoration of the supply and marketing cooperative system, but even the share market has begun to pursue the marketing of “social concept shares.”
Following the end of the 20th National Congress of the Communist Party of China, China is reverting to the “planned economy” (CCP). According the reports, state-run canteen construction is also accelerating in several locations, and some of them have already begun operations. At the moment, China’s economy is in recession. The market economy will give way to the planned economy during economic downturns, which will then usher in a new period of material scarcity and supply by ticket. The CCP authorities have already made the fanfare-filled suggestion that the Chinese people will coexist in pain.
Chinese social media is buzzing with people’s worries that they will surely be moving backward if they return to the paradigm of unified purchasing and sales and quantitative distribution right now. Some online users thought back to the terrible years when the existing supply and marketing cooperative was in operation.
Additionally, some internet users are concerned that as the supply and marketing cooperatives funded by the government continue to grow, smaller supermarkets, community shops, and even larger supermarkets may be forced out of business, leading to the formation of new monopolies.
These Mao-era institutions, which have been hidden from view for years, are now thrust back into the public eye. According to the reports, these organisations once served as a cornerstone of the socialist command economy.
Under Xi Jinping, the Chinese Communist Party is speeding up the reintroduction of the “planned economy,” which wrecked the economy under Mao Zedong’s extensive command and control regime.
People are agitated and afraid that the return of supply and marketing cooperatives and state-run canteens will return China to the memorable age of a controlled economy.
