China builds its own socialism

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.

Keywords

China, capitalism, socialism, theory of institutional matrices, market, state macro-regulation, convergence, mixed economy, Chinese model

Received

30.09.2018

Publication date

02.10.2018

Number of characters

976

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GOST	Kondrashova L. China builds its own socialism // Problemy Dalnego Vostoka – 2018. – Issue 4 C. 102-114 [Electronic resource]. URL: https://pdv.jes.su/S013128120000159-5-1 (circulation date: 23.04.2024). DOI: 10.31857/S013128120000159-5
MLA	Kondrashova, Luidmila "China builds its own socialism." Problemy Dalnego Vostoka 4 (2018):102-114. DOI: 10.31857/S013128120000159-5
APA	Kondrashova L. (2018). China builds its own socialism. Problemy Dalnego Vostoka (4), pp.102-114 DOI: 10.31857/S013128120000159-5

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