The Basic Economic System of China

Professor Changhong Pei
Professor of Chinese Academy of Social Sciences (CASS), former Director-General of the Institute of Economics of CASS, member of the Academic Committee of the University of CASS, member of the National Committee of the 12th CPPC.He joined the working group for drafting the Report of Governmental Works in the past. Currently he is a member of Evaluation Group of Theoretical Economies of the 7th Degree Committee under the State Council, and policy consulting member for the Ministry of Commerce, and policy consulting member for Beijing Municipal Government and consulting member of China's Standardization committee under National Administration of Quality and Technology.
Professor Chunxue Yang
Professor of Capital University of Economics and Business, He has long been engaged in the research on political economies and China's open economy fields.
Researcher Xinming Yang
Researcher of the Institute of Economics of CASS, Editorial director of Economic Perspectives.

This book uses facts and data to prove that socialist public sectors are still in a predominant position in China. Based on previous research and studies, a set of methods for measuring the structure of public or non-public owned economy is offered in this book. As is remarked by the authors, China's basic economic system, namely the system with the public sector remaining dominant and diverse sectors of the economy developing side by side, represents an efficient approach towards mutual benefit, common prosperity and peaceful co-existence.

Provides a clear explanation why china adopts public sector remaining dominant and diverse sectors of the economy developing side by side as basic economic system

Chapter1 Inaccurate Understanding of the Basic Economic System in the Primary Stage of Socialism: Reasons and Countermeasures.- Chapter2 Rethinking Economic Theories.- Chapter3 General Trend in the Structural Adjustment of Ownership and the Current Situation.- Chapter4 Methods to Estimate Ownership Structure: A Literature Review.- Chapter5 Quantitative Evaluation on Publicly- and Non-Publicly-owned Economic Structures: Estimation Based on Economic Censuses.- Chapter6 Quantitative Estimation on Dominance of China's Public Economy.- Chapter7 Perfecting Laws to Fully Protect Property Rights.- Chapter8 Rationalizing Institutional Mechanisms, Developing Mixed Ownership.- Chapter9 The SOE Reform in China's New Normal: Problems and Suggestions.- Chapter10 Carrying on the Reform to Promote Development of Non-Publicly-Owned Economy.