The Establishment and Development of the Socialist Market Economy Theory

Zhuoyuan Zhang

Chapter Chapter 2 in Handbook of Chinese Economics, 2023, pp 39-72 from Springer

Abstract: Abstract In the great practice of reform and opening up over the past forty years, China has not only accumulated tremendous experiences, but also achieved a slew of theoretical breakthroughs under the guidance of Marxism. On the economic fronts, the breakthroughs include, but not limited to, the following: theory on the primary stage of socialism; theory on socialist market economy; theory on basic socialist economic system; theory on basic socialist distribution system; the development-is-the-absolute-priority theory; the scientific outlook on development; the development theory incorporating five development ideas in innovation, coordination, green environment, opening up, and shared prosperity; theory on opening up to the outside world; theory that China has entered into an era of new normal; theory on supply-side structural reforms; theory on pushing forward new industrialization, information modernization, urbanization, agricultural modernization in a coordinated manner; and theory on establishing a modern economic system. The most important among them is none other than the socialist market economy theory—which is not only the major theoretical achievement over forty years of reform and opening up, but also the main theoretical pillar for building the socialist economy with Chinese characteristics.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-0420-4_2

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DOI: 10.1007/978-981-99-0420-4_2

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