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Market Economy Or Planned Economy

877 Words4 Pages

# “Market economy or planned economy is just means of economy, not a benchmark to determine whether this country is a capitalist or socialist country. Since capitalist societies have both market and planned economy. Why should socialist country not have a planned economy and market economy?” And that’s why we are on the way of socialist country with market economy.

# The socialist market economy is the economic model employed by the People’s Republic of China. Its origins in the Chinese economic reforms introduced under Deng Xiaoping. And it is based on the dominance of the state-owned sector and an open-market economy. The ideological rationale is that China is in the primary stage of socialism, an early stage within the socialist mode of production, and therefore has to adapt capitalist. Despite this, the system has widely been cited as a form of state capitalism.

# The Fourteenth National People 's Congress of the Chinese Communist Party in October 1992 put forward the reform objective of establishing a socialist market economic system on the basis of the experience of the previous 14 years. There came into existence a socialist market economic system that is linked with an underlying socialist system. Besides having some common characteristics with the general market economy, it has special features emanating from the Chinese socialist system. …show more content…

# Based on the blueprint for establishing socialist market economic system, We draw a diagram to clarify that the Chinese socialist market economy how to work and the linkage among the measures and the outcome.
Adhere to the public ownership is dominant and diverse forms of ownership develop guidelines to further the conversion of state-owned enterprise operational mechanism, establishing a modern enterprise system. And this decision turns out to achieve common prosperity.
And also, Ultimately achieve common prosperity Require the implementation of macroeconomic regulation. And then we are divided into 2 section to talk about Macroeconomic and Public ownership.
In the way to implement macroeconomic regulation. The premise is Upholding the Dominant Position of Public Ownership. We may see that there are Strong ties.

# Macroeconomic management is a product of the market economy.
And also macroeconomic management intervention and guidance on the operation of economy and its result which to adopt policy measures on various issues that bear upon the overall economic situation so as to advance stable, balanced and effective growth of the

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