CommunismJacob+Steinhardt

=Communism: Is a form of socialism that abolishes private ownership.=

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10.What is the chinese communism like: It's called the communist party of China it fell after the Qing Dynasty snf it has been rising ever since.
The Chinese have one of the greatest economies in the world it is ranked 6th. They pay off some of the Americans Depts. The Americans owe the Chinese over 10 trillion dollars or 5 trillion yuans. Yuans are the basic unit of money used by the Chinese.

Most people think that the Chinese are paid at the same wage when they’re not. Their economy allows them to be able to have different wages and incomes. The president of China makes more money than anyone else in China. That’s almost like the U.S.A. but some athletes are paid more than the president.

One thing that helps the Chinese is there population issue they have so much people. The tax on things that they buy have a big impact on the economy. If America would have that much population there economy wouldn’t be over a trillion dollars in dept.

Most people in China get paid the minimum wage but this keeps the businesses open. In America people get paid different types of wages. That causes some of the American businesses to go bankrupt. Then people get laid off and they go homeless and that affects the economy, because the people can’t pay taxes and can’t buy anything.

The Chinese will keep growing and growing in their economy and become one of the most popular economies in the world. I hope that the American economy can pay off the money they owe China and have their economy grow.

this is the communism symbol in china and it is also the symbol of the red army

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