Socialist market economy
"Socialist market economy" refers to the development of a market economy that belongs to the category of capitalism under socialist conditions. This is a historic contribution made by the Chinese Communists to the development of Marxism and an unprecedented great undertaking. After the Third Plenary Session of the Eleventh Central Committee of the Party, our party has continuously deepened its understanding of the relationship between plans and the market in the process of deepening the reform of the economic system. At the beginning of 1992, Deng Xiaoping made a speech to the south, which fundamentally lifted the ideological constraints that regarded planned economy and market economy as belonging to the category of basic social systems. In June of the same year, Comrade Jiang Zemin put forward the proposition of "socialist market economic system." In October of the same year, the 14th National Congress of the Communist Party of China formally established the establishment of a socialist market economic system as the goal of my country's economic system reform. By the end of the 20th century, my country had initially established a socialist market economic system. The transition from a planned economic system to a socialist market economic system has achieved a new historic breakthrough in reform and opening up and opened up a brand-new situation in my country's economic, political, and cultural development.
After the Third Plenary Session of the Eleventh Central Committee, the party gradually realized that in order to promote the rapid increase of social productivity and speed up economic construction, the objective laws of economic operation must be respected in the process of leading the people of the country to carry out reform and opening up and socialist modernization. , Act in accordance with the laws of economics and the laws of value. In September 1982, the Twelfth National Congress of the Communist Party of China proposed: "The correct implementation of the principle of planned economy as the mainstay and market regulation as the supplement is a fundamental issue in economic system reform." This opened a hole in the planned economy and made it clear. The role of the market in the reform of my country's economic system. But this did not break through the framework of the planned economy, emphasizing that market regulation can only be limited to the scope permitted by the plan.
With the deepening of economic reforms, the party's understanding of the relationship between planning and the market is also deepening. In early 1992, Deng Xiaoping expounded the relationship between the plan and the market incisively in his southern talks. He said: "A little more planning or a little more market is not the essential difference between socialism and capitalism. A planned economy is not equal to socialism, and capitalism has plans; a market economy is not equal to capitalism, and socialism has markets. Both plans and markets. It is an economic means. The essence of socialism is to liberate the productive forces, develop the productive forces, eliminate exploitation, and eliminate polarization.Eventually achieve common prosperity. "In order for socialism to gain the advantages compared with capitalism, it must boldly absorb and learn from all the civilization achievements created by human society, and absorb and learn from all countries in the world today, including developed capitalist countries, that reflect the laws of modern socialized production. Management methods. This important thought of Deng Xiaoping fundamentally lifted the ideological constraints that regarded planned economy and market economy as belonging to the category of basic social systems, and made a new breakthrough in people’s understanding of the relationship between planning and the market.
On June 9, 1992, Comrade Jiang Zemin emphasized in his speech at the provincial and ministerial-level cadres training class of the Central Party School: The fundamental task of accelerating economic system reform is to establish a new socialist economic system as soon as possible. This is the first time that he put it forward. The proposition of establishing a socialist market economic system. At the subsequent 14th National Congress of the Communist Party of China, he also elaborated on the socialist market economic system in his report: The socialist market economic system we want to establish is The market must play a fundamental role in the allocation of resources under the macro-control of socialist countries, so that economic activities follow the requirements of the law of value and adapt to changes in the relationship between supply and demand; through the function of price levers and competition mechanisms, resources are allocated to better-efficient ones. It also puts pressure and motivation on enterprises to realize the survival of the fittest; use the market’s advantages in responding to various economic signals to promote timely coordination of production and demand. At the same time, he also emphasized that the market has its own weaknesses and weaknesses. On the negative side, it is necessary to strengthen and improve the country’s macroeconomic regulation and control. This signifies that the establishment of a socialist market economic system has been officially established as the goal of China’s economic system reform.
Combined, this is an unprecedented great initiative, a major development of Marxism by the Chinese Communists, and a major breakthrough in the history of socialist development. Under the guidance of this goal, China's reform, opening up and economic construction began to break through the barriers of the plan. Rapid development.

Source | Centennial Party History Keyword
Edit | Wang Hui Broadcast | Hu Yanxu
Review | Du Chengzheng Wang Ping
Producer | Li Hongmei Xue Jinping
