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China is moving towards a new form of economic structure — one based upon a market economy with all of the problems associated with that mode of organization. The stresses associated with major economic change are being felt already and it is questionable whether the society can derive the full benefits of a market economy mode without further social and political change. It is to be hoped, at least, that the market is not allowed to negate totally the concept of the general good, and that some effective control over the harmful effects of a crude concept of ‘market forces’ can be maintained.

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