“(…) we find that the taxation of human capital has a substantial negative effect on its accumulation. This in turn reduces innovation and, consequently, the income growth rate.” https://onlinelibrary.wiley.com/doi/full/10.1111/ijet.12346
Based on how prices are determined, China can hardly be called a socialist economy. If anyone has more up to date data on this, please share. Looking for Data Visualisation, Reporting, or Data Analysis services? Check out Quantica. !