BY KATIE SIMMONS 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. And since 2002, the Chinese have consistently been one of the strongest proponents of capitalism compared with other publics around the world, even more so than Americans and Western Europeans. The past 30 years have brought enormous changes to the Chinese economy. In the late 1970s, the government started opening the economy to foreign investment and privatization. With these changes came sky-high economic growth – an average of 10% since 1980. And on Wednesday, the International Monetary Fund (IMF) released figures estimating that China is now the biggest economy in the world, surpassing the United States, though this achievement is up for debate . China’s incredible economic expansion has led the Chinese to be overwhelmingly happy with th
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