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On October 1, 1949, Chinese Communist leader Mao Zedong declared the creation of the People’s Republic of China (PRC).

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The Communist Party of China was formed in 1921. It was under Mao Zedong's control in 1927. Eventually, Mao led a revolution, and the communist party obtained control in 1947. They followed the example of the soviet model of development through heavy industry with surpluses extracted from peasants.

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China's government may be communist, but its people embrace capitalism. While China's government may be officially communist, the Chinese people express widespread support for capitalism. Roughly three-quarters of the Chinese (76%) agree that most people are better off in a free market economy.

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Why China’s communists struggle with succession planning

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Why China’s communists struggle with succession planning

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The Communist Party’s rise to power shaped China’s history for most of the past century, but despite holding the reins for more than 67 years the world’s largest political party has yet to solve its succession issues. While it may have moved on from its violent legacy of cruel and bloody purges under Mao Zedong’s dictatorship in the early decades of the People’s Republic, when the derailing of power transitions sometimes plunged it into chaos, leadership succession remains an extremely opaque and contentious process to this day.

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File:Spectators in front of a large sign on Nixon's motorcade route in China. - NARA - 194413.tif - Wikipedia

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General Services Administration. National Archives and Records Service. Office of Presidential Libraries. Office of Presidential Papers. (01/20/1969 - ca. 12/1974) (Most Recent) President (1969-1974 : Nixon). White House Photo Office. (1969 - 1974) (Most Recent)

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Large sign featuring a propaganda slogan in 1972: "Long Live the Great, Glorious, and Correct Communist Party!"