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The Chinese Wisdom of Contemporary Political Economics
Abstract
The political economics of socialism with Chinese characteristics highlighted “Chinese wisdom” in the process of its theoretical innovation of contemporary political economics, which adhered to the principles and methods of combining Marxist political economics with Chinese reality, while getting a full, systematic and profound knowledge of political economics and firmly grasping the stage characteristics of China's economic and social development. Therefore, it firmly adhered to “dialectics and the doctrine that everything has two aspects” in the aspects of the basic economic system of socialism with Chinese characteristics and the socialist market economy. Moreover, it persevered in maintaining stability in the general work guideline and put forth the major principles of the political economics of socialism with Chinese characteristics, which emphasized to grasp the “new normal” of economic development, while pushing forward the supply-side structural reform. And more than anything else, it made a full exploration of “systematized economic theory” that took “the new concepts of development” as a guide. In the course of gaining a qualitative leap from “the first draft of political economics” to “Marxist political economics in contemporary China,” these theoretical innovations kept a good practice of summing up the laws of economy to improve and perfect the theoretical system of the socialist political economics with Chinese characteristics.
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