China builds its own socialism

 
PIIS013128120000159-5-1
DOI10.31857/S013128120000159-5
Publication type Article
Status Published
Authors
Occupation: chief researcher
Affiliation: Institute of Far Eastern Studies, Russian Academy of Sciences
Address: Russian Federation, Moscow
Journal nameProblemy Dalnego Vostoka
EditionIssue 4
Pages102-114
Abstract

The revolution of 1949 in China marked the country's transition from “bureaucratic feudalism” to the construction of a socialist society. The beginning of the policy of reforms (1978–1979) is now interpreted as the “second revolution” — the transition from “state socialism” to “market socialism”. As can be seen from the decisions of the 19th CPC Congress, China is now launching a new round of socio-economic development aimed at combining 190 Summary the personal interests of citizens with public and state interests. The new turn of reforms can be described as the “third Chinese revolution” with dramatic consequences for the entire social structure. Mixed political system,  combining strong centralized power with party-government management and democratic leadership at the grass-roots administrative level, will correspond to a multi-layered market economy.

KeywordsChina, capitalism, socialism, theory of institutional matrices, market, state macro-regulation, convergence, mixed economy, Chinese model
Received30.09.2018
Publication date02.10.2018
Number of characters976
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