Ownership of an economy by a one-party state
Party-state capitalism (simplified Chinese: 党国资本主义; traditional Chinese: 黨國資本主義) is a term used by some economists and sociologists to describe the contemporary economy of China under the Chinese Communist Party (CCP).[1][2] The term has also been used to describe the economy of Taiwan under the authoritarian military government of the Kuomintang (KMT). The term is not used by the Kuomintang itself; it was coined by Taiwanese economists, such as Chen Shih-meng and Cyrus Chu, in their research report Deconstructing the KMT-State Capitalism (解構黨國資本主義; 解称党国资本主义).[3][4]