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What is the economic development model of China?
The "China Model" is an economic model with public ownership as the main body and multiple ownership systems coexisting, and implements a dual adjustment model, that is, a dual adjustment model with state regulation and market regulation as the main body.

According to the distribution according to work under the condition of market economy, a successful development model has been explored under the background of globalization, and remarkable achievements have been made. Its main successful experience is to adhere to independence and take the road of sustainable development in line with its national conditions.

Extended data:

basic feature

China's economic model was gradually formed in the process of reforming Stalin's model, and China's model can also be said to be the model of China's reform and development. Judging from the basic economic system, China has changed from a single public ownership system that pursues "one big company, two big companies, three pure companies and four unified companies" to a basic economic system with public ownership as the main body and multiple ownership economies developing together, forming a mixed economy with multiple ownership systems coexisting and blending.

From the distribution system with single distribution mode and serious egalitarianism tendency in the past, it has changed into a distribution system with coexistence of multiple distribution modes, equal emphasis on fairness and efficiency, differences but not too big, encouraging some people to get rich first, and emphasizing the ultimate goal of common prosperity.

From the perspective of economic system

China fundamentally changed the traditional planned economic system and initially established a socialist market economic system. This system is different from the laissez-faire market economy system. On the basis of allocating resources mainly by market mechanism, we should give more play to the role of market, price and competition, and at the same time pay special attention to the role of government macro-control and strategic guidance, without completely giving up the necessary role of the state in managing the economy.

From the perspective of economic structure

Since the reform and opening up, China's economic structure has been rationalized in the process of constant adjustment according to the national conditions and the international environment. After the rapid development of light industry and the strengthening of agriculture, the abnormal industrial structure of heavy industry, light industry and backward agriculture has been changed, with emphasis on equipment manufacturing, high-tech industries and service industries.

The uncoordinated industrialization and urbanization and the serious lag of urbanization have changed. While urbanization is accelerating, there is no excessive urbanization like some Latin American countries and India. The strategy of developing the western region, revitalizing the old industrial base in Northeast China and the rise of central China is being implemented to narrow the regional gap and achieve balanced and coordinated regional development.

From the perspective of economic growth mode

For a long time, China's economic growth mode has been extensive, mainly relying on high input and high consumption to develop the economy. This situation has begun to change. The new model emphasizes relying on technological progress and strengthening management, and pays attention to the intensive growth mode with low input, high output and high efficiency.

From the perspective of economic development strategy

China has successfully realized the strategic transformation, from the strategy of giving priority to the development of heavy industry to the strategy of modernization; From the tendency of emphasizing speed, quantity, benefit and quality to paying attention to economic benefit, efficiency, quality and reasonable and realistic speed; From one-sided emphasis on self-reliance and isolation to opening to the outside world, master two sets of skills and use two markets and two resources; Implement the strategy of rejuvenating the country through science and education and the strategy of sustainable development.

Baidu Encyclopedia-China Model (China Economic Model)