Chinese Word of the Day – Market Economy

1) 市场经济 ( shi4chang3 jing1ji4) – market economy

Definition: An economy that operates by voluntary exchange in a free market and is not planned or controlled by a central authority; a capitalistic economy.

Example: 今年早些时候,乌克兰成为市场经济国家。

Meaning: Earlier this year Ukraine became a market economy.

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