
The “Decision of the CCCPC on Some Major Issues Concerning Comprehensively Deepening the Reform”(hereafter abbreviated as the Decision) proposed at the Third Plenary Session of the 18th CPC Central Committee makes it clear that reforming economic institution is central to the mission of deepening reform in an all-round way.The chief issue lies in balancing government-market relations, having market play decisive rule in resource allocation while better brining about the government’s role. The balance not only follows the general rules of market economy development,but abides by common laws of modem market economy. Functionalizing the advantages of both sides as the critical goal on the basis of a deep understanding of the balance is Xi Jinping’s breakthrough in recognizing the laws of socialist construction with Chinese characteristics and a new accomplishment of Marxism sinicization, denoting that the development of socialist market economy has entered a new phase.
Editor: Zhong Yao
Studies On Mao Zedong and Deng Xiaoping Theories.2017.No.9.