An economic system is a mechanism (social institution) which deals with the production, distribution and consumption of goods and services in a particular society.

The economic system is composed of people, institutions and their relationships. It addresses the problems of economics, like the allocation and scarcity of resources.

The division of economic systems

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China

China to further mining, agricultural co-op with Tajikistan
China will expand cooperation with Tajikistan in such fields as mining and agriculture in a bid to further bilateral ties, visiting Chinese President Hu Jintao said here Wednesday . Sino-Tajik economic and trade cooperation is progressing in an all-round way and relevant government institutions on both sides have played important roles in directing such work, said President Hu, who is on his first state visit to the Central Asian country. During his meeting with Tajik Prime Minis ...
ASEAN, China make substantive progress on investment pact
The Southeast Asian bloc and China announced here Wednesday that they made substantive progress in the negotiations on the bilateral investment pact which is expected to be signed at the Bangkok Summit in December this year. On the Day Two of the Association of Southeast Asian Nations (ASEAN) Economic Ministers' Meeting, ministers from 10 member states held consultations with their dialogue partner China's Vice Commerce Minister Chen Jian, discussing bilateral economic and trade cooperat ...
President: Mongolia to maintain stable, good-neighborly, cooperative ties with China
Mongolia is committed to maintaining stable, good-neighborly and cooperative relations with China, Mongolian President Nambaryn Enkhbayar said here Wednesday. Enkhbayar made the remarks during a meeting with Chen Xiaogong, assistant chief of the General Staff of China's People's Liberation Army. The good-neighborly partnership of mutual trust between China and Mongolia has been developing smoothly and achievements have been made in bilateral military cooperation, he said. ...
China, Tajikistan to boost economic ties
China and Tajikistan are to strengthen cooperation in the economic, trade and several other fields, according to a joint statement issued here Wednesday. Earlier, visiting Chinese President Hu Jintao and his Tajik counterpart Emomali Rakhmon held a meeting in which both agreed that economic and trade cooperation bears special significance for the all-round development of bilateral ties. They agreed to intensify the work of the inter-governmental trade commissions, improve the inv ...
China, Tajikistan pledge to continue cooperation in combating terrorism, drug-related crime
China and Tajikistan agreed on Wednesday to continue cooperation in combating terrorism and drug-related crime, the two sides said in a joint statement following a meeting between the presidents of both countries. In the statement, both sides agreed that cracking down on the East Turkistan terrorists is a significant part of the international struggle against terrorism. China and Tajikistan have signed the multilateral Shanghai Convention on Combating Terrorism, Separatism and Ex ...
Moroccan king congratulates Hu on successful Olympics
Moroccan King Mohammed VI sent a congratulation message to Chinese President Hu Jintao on the success of the 29th Olympic Games held in Beijing on Aug. 8-24, local MAP news agency reported on Wednesday. "In my name and in the name of the Moroccan people, to express to you my warmest congratulations," the monarch said, adding that "your great country has given the best example in terms of organization." The sovereign said he has followed with great interest and admiration the diff ...

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