Final answer:
China's economic transition would most likely result in a mixed economy, blending market-oriented reforms with continued government control over key industries.
Step-by-step explanation:
When China has completed its transition to capitalism, what characteristics do you think it will have? Considering China's ongoing economic reforms and its trajectory from a centrally planned economy to a more market-oriented one, it's plausible that the final version of China's economy could be classified as a mixed economy. This assessment aligns with the trend of real-world economies combining elements of both command and market systems.
Historically, market economies tend to favor efficiency and growth, while command economies emphasize equity. China's experience during the "Great Leap Forward" exemplified this tension. Since then, however, substantial economic reforms have led to capitalistic tendencies and increased private enterprise and international investment.
Nonetheless, China's government still maintains significant influence over the economy, suggesting that it is likely to remain closer to the command economy end of the spectrum than some Western countries. Thus, one could expect China to continue to foster a mixed economic system, with key industries possibly remaining nationalized, while most businesses are privately owned and subject to government regulation.