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Which of the following statements BEST characterizes the current legal system of China?
Capitalism and globalization are unable to fully take hold due to poor protection of property rights in China.
While criminal proceedings are often arbitrary, much progress has been made in improving rule of law and protecting contracts and workers' rights.
Rule of law in China today is on par with most industrialized liberal democracies.
Communism in China heavily prioritizes the interests of the working class over those of the business owners.
People are regularly subject to the whims of political elites with little to no protection in legal codes.