Two Problems to Which We Must Pay Attention as We Develop the Privately Owned Economy

Pan Zhengqiu

Chinese Economy, 1998, vol. 31, issue 1, 55-59

Abstract: Given that our country is in the primary stage of socialism, and that we do not have a high degree of socialization in our society's productionâand, furthermore, that our production has the character of being multileveledâit is entirely necessary that [at this stage] we permit, and, indeed, encourage, the appropriate development of the privately owned economy. It is very much the correct thing to do. However, at the same time, we must firmly uphold the premise that, in terms of [the ownership of] the means of production >i>[shengchan ziliao]>/i>, the public-ownership system must remain as the dominant core.

Date: 1998
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