Can the Socialist Market Economy in China Adhere to Socialism?

Fusheng Xie, An Li and Zhongjin Li
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Fusheng Xie: School of Economics, Renmin University of China, Beijing, China
An Li: Department of Economics, University of Massachusetts, Amherst, USA
Zhongjin Li: Department of Economics, University of Massachusetts, Amherst, USA

Review of Radical Political Economics, 2013, vol. 45, issue 4, 440-448

Abstract: The recent round of debate over China’s state and private economy has fundamentally touched upon whether or not China should abandon or strengthen the socialist elements within the market economy. In this paper, we argue that the debate is, in essence, a continued class struggle in the political and ideological superstructure. Then we discuss the foreseeable future of state-owned enterprises (SOEs) under current political and economic conditions. We will further propose the necessary reforms for the SOEs to move towards a truly socialist form of public ownership.

Keywords: market economy; socialism; Chinese economy; state-owned enterprises (search for similar items in EconPapers)
JEL-codes: P21 P26 P31 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:45:y:2013:i:4:p:440-448

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