Chinese Communism is a political and economic ideology that aims to create a classless society through the collective ownership of resources. It was established in China after the Chinese Civil War in 1949, led by the Communist Party of China under Mao Zedong. The government controls major industries and resources, with the goal of reducing inequality and promoting social welfare. Over the years, Chinese Communism has evolved, especially since the late 1970s when Deng Xiaoping introduced market reforms. These changes allowed for some private enterprise while maintaining the Communist Party's political control. Today, China combines elements of socialism with a market economy, often referred to as "Socialism with Chinese characteristics."