The Development of the Socialist Market Economy: Practice of Chinese Market Economic Transformation
https://doi.org/10.26794/2226-7867-2019-9-2-25-30
Abstract
China decided to move from a planned to a market economy in 1992, after 14 years of reform and openness. Unlike other countries, China carried out a special market economic transformation. Defending the socialist path under the leadership of the Communist Party of China (CPC), which is the only ruling party, China began to create a socialist market economy. Through the mechanisms of the market economy, China has achieved great success in modernisation. A special form of state government in China is called the “Chinese model". The current conditions of development in China confirm that this model still has a great prospect and power potential.
About the Author
Hong Yin
Research Center for the Economies and Politics of Transitional Countries, Institute of International Relations in Liaoning University
China
China
Doctor of Economic Sciences, Professor.
Liaoning provinceReferences
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Review
For citations:
Yin H. The Development of the Socialist Market Economy: Practice of Chinese Market Economic Transformation. Humanities and Social Sciences. Bulletin of the Financial University. 2019;9(2):25-30. (In Russ.) https://doi.org/10.26794/2226-7867-2019-9-2-25-30
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