“…Even though the majority of research and studies show that capitalism exists in China, the system in that country still baffles the West (Lin, 2006; Napoleoni, 2011; Losurdo, 2017; Dale & Unkovski-Korica 2023) [10,14,11,2] . According to Ahrens & Jünemann (2010) [1] China is considered a hybrid of the coordinated market economy (CME) and the liberal market economy (LME), both of which were discussed in Capitalism Against Capitalism (1991), wherein they postulated the existence of a Rhine model of capitalism (CME) (Japan, Germany, and the Netherlands) that is institutionally opposed to and has greater efficiency and welfare potential than the less coordinated and organized Anglo-Saxon variety (LME).…”