Socialist Factors in China’s Economic Miracle and Development Achievements

ABSTRACT

During the 70 years since its founding and the 40 years since its reform and opening-up, modern China has recorded a series of remarkable historic achievements, especially its miracle of high-speed economic growth over a long period. Socialism with Chinese characteristics, under which these achievements have been registered, is unquestionably a socialist system, and has entered a new era of national prosperity and greatness. We should attach particular importance to the socialist factors involved here, since the superiority of the socialist system has lent a unique support to the economic miracle and to the development achievements. A number of these socialist factors, and their unique advantages, deserve especially close attention. These include the achievements of China’s economic development and of the socialist system itself; China’s socialist economy and politics; its socialist market and government; the socialist market economy and the planning that is inherently involved in it; the public and non-public economy at the primary stage of socialism; socialist modernization and the world economy; China’s internal and external markets; the goals of socialist production and its driving forces; socialist workers and human resources; socialist economic theory and practice; and so on.

KEYWORDS:

• Socialism
• socialist market economy
• socialist political economy with Chinese characteristics

Acknowledgements

This article is translated by Professor Hong Xiang at the School of Marxism, Jimei University, Xiamen, China.

Disclosure Statement

No potential conflict of interest was reported by the author.

Notes on Contributor

Yongxin Cao is a researcher at the Institute of Chinese Marxism, Shanghai Academy of Social Sciences. His research focuses on Marxist theories, international relations and China’s diplomacy. His publications include Sinicization of Marxism: Basic Knowledge and Practice (2015), Study of Marxist Theory of International Relations (2009), Advanced Culture and Modernization: Cultural Course of the Communist Party of China (2005), and so on.

Notes

1 Deng Xiaoping emphasized that both planning and market are the means in 1985, 1987 and 1992 (see Deng 1993).