The Road to China's Socialist Market Economy

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The Road to China's Socialist Market Economy is the most representative and pioneer work of Prof. Xu Guihua in the field of China's transition from central planning economy to socialist market economy. Being closely linked to different stages of this transition journey, al articles in the book are historic testimonies of solutions to tackle difficult issues at that time, and solid intellectual footprints of Prof. Xu's breakthrough in his navigation and exploration. For decades, policy makers and economists around the world have been asking the questions: What are the unique characteristics of China's socialist market economy? What are the magic solutions that lead to China's remarkable success? This book will give you the key to the answer.

About Author
Xu Guihua, Born in Yangzhou, Jiangsu Province in Dec.1934, Prof. Xu Guihua joined in the PLA Navy in Jan.1951. Being admitted to Economics Department of Fudan University in 1956, he had been teaching and researching there as Professor in Economics and doctoral supervisor for decades since 1961. He earned his fame as an eminent economist in comparative economics of contemporary China by revolutionarily defining and framing the concepts of '"China's socialist market economy'" and '"China's joint-stock economy'" among others in 1990s. He did extensive researches in the field of economics, comparative economic system, comparative economic theory and contemporary Chinese economy. His works include: Theory and Policy Research on China's Reform and Opening-up [1991], Preliminary Explorations into Theories on Comparative Socialist Economic [1992], China's Ownership Structure and Property Rights Policies [1996], Public Ownership and Joint-stock Ownership [1996], Public Ownership and SOE Reform [1998], China's Socialist Political Economics [2008], China's Strategic Choices for Economic Security [2014], The Road to China's Socialist Market Economy [2014], etc.

Table of Contents
Chapter I Stage of Social Development in China
Correct Assessment of China's Social Development Stage
Key Development in the Stages of Socialism

Chapter II China's Socialist Market Economy
Declaration of China's Socialist Market Economy

Chapter III Feasible Socialist Joint-stock System
On the Nature, Implications and Implementation of a Joint-stock Economy
Analysis on Utility of Joint-stock System
Feasible Socialist Joint-stock System
On the Study of Public Ownership Forms
Approaches for State-owned Enterprises to Adopt Modem Corporate System-A Study on Shanghai

Chapter IV On Great International Economic Circulation
A Few Thoughts on China's Integration into the International Economy
Strategic Thinking on Coordinated Domestic and International Economic Circulation

Chapter V Sannong Issue: Top Priority for China
What's the Priority of Sannong Issue for China?

Chapter VI Explorations and Thoughts on China's Capital Market
General Proposals for China's Securities Market Development

Chapter VII China's Strategies and Policies for Economic Security
China's National Strategy for Economic Security

Chapter VIII New Changes and Innovations in Economic Methodology
Economics Should Seek Changes and Innovations in Paradigm and Thinking

Afterword to the First Edition
Sample Pages Preview
Sample pages of The Road to China's Socialist Market Economy (ISBN:9787119123646) Sample pages of The Road to China's Socialist Market Economy (ISBN:9787119123646) Sample pages of The Road to China's Socialist Market Economy (ISBN:9787119123646) Sample pages of The Road to China's Socialist Market Economy (ISBN:9787119123646)

US strategist Zbigniew Brzezinski claimed socialism had been a 'grand failure' from the late 1980s to the early 1990s in his book Grand Failure: The Birth and Death of Communism in the Twentieth Century, published in 1989. Japanese-American economist Francis Fukuyama even asserted that the fall of Communism in Eastern Europe and the dissolution of the Soviet Union signaled the triumph of capitalism and 'the end of history' in his book The End of History and the Last Man in 1992.
There is no need to go into detail regarding the subsequent changes that happened in China and the world. Far from collapsing as these projections claimed would happen, China quickly grew into the world's largest exporter and second-largest economy, turning the 'China model' into a global buzzword. Against the background of the COVID-19 pandemic in 2020 which has thrown the whole world into recession, some Western politicians, feared by China's ability to mobilize people and resources so efficiently, are even hoping to deal with the rise of the 'China model' by a deterioration in diplomatic relations with China.
The Road to China's Socialist Market Economy