China Private Economy Research Report

Author: Li Xiutan
Publisher:
Publish Date: 2004-02-01
Features: Private economy emerged during the disintegration of feudal society and the budding of capitalism, and it has been fully developed in capitalist society. In the contemporary world, private economy remains a widely prevalent economic form, demonstrating vigorous vitality. In socialist society, especially in countries like China with relatively low productivity levels and uneven development, the rationality, necessity, and inevitability of the existence and development of private economy, as well as its compatibility with socialist principles, are issues we have long failed to clarify. It is precisely because these questions remain unresolved that different policies have been implemented over time regarding the utilization, restriction, transformation, elimination, allowance, guidance, and encouragement of private economy, as well as the development of a mixed economy with multiple ownership forms. The development of the private economy has also experienced an exceptionally tortuous process.