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Coordinated Development of Socialism and Market Economy: The Perspective of the United Front

Author(s)

Ran An

Affiliation(s)

The University of New South Wales, Sydney, Australia

Abstract

The Market Economy with Chinese Characteristics has been a major feat of economic reform in China. Effective implementation of the market method in a socialist country had achieved the dual end, which posts economic growth and social stability. In the process, the United Front has played a key role. By incorporating the forces of all sectors and strata into one, allowing the resolution of the contradictions and conflicts created by the market economy, and realizing the dominance of socialist core values in the market economy, China's socialist market economy model has, despite some teething problems, uniquely demonstrated significant advantages and has been showing pathways for sustainable development. This paper explores the theoretical perspective and practice path of socialism and market economy in a coordinated development, taking into account the United Front and its role in it.

Keywords

Socialist Market Economy with Chinese Characteristics; United Front; Economic Reform; Social Stability; Market Competition

References

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