Title: The theory and its significance of socialist market economy characterized by the combination of public ownership and market economy
Abstract:The theory of socialism with the Chinese style proposed by Deng Xiaoping is characterized by the combination of public ownership and market economy. This is a great development of Marxism and western ...The theory of socialism with the Chinese style proposed by Deng Xiaoping is characterized by the combination of public ownership and market economy. This is a great development of Marxism and western economics. In practice, China now adopts the economic model with the public ownership as a dominant system complemented by various ownerships. The combination of socialist public ownership and economic market depends on the reform of state-owned enterprises. The principles are as follows: clear ownership, right and responsibility, separation between government and enterprise, and scientific administration, of which the most important one is the separation between government and enterprise.Read More
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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