Since the 1980s, China's economic system has been transitioning from.

A) Communism to socialism
B) Communism to capitalism
C) Socialism to a socialist market economy
D) Capitalism to socialism

Socialist Market Economy

An economic system where the production and distribution of goods occur within the framework of both the market economy and socialism, often featuring state ownership of key industries.

Economic System

The framework through which a society allocates resources and distributes goods and services among its population.