The Chinese Road
The Chinese road was paved by the CPC by integrating the basic tenets of Marxism with the realities of China and the specific features of our times. The socialist path with Chinese characteristics is the present form of the Chinese road.
In terms of institutions, this road is based on the Chinese socialist system, which is made up of the fundamental political system of people’s congresses, the basic political systems of multiparty cooperation and political consultation, and the basic economic system whereby the dominant public ownership and other forms of ownerships develop side by side.
In terms of guiding thought, in China’s socialist market economy, great importance is attached to macro-level control and emphasis is given to ensuring that the strength of both planning and the market are exploited effectively.
The role of government in economic operations shows that China not only has a large government but also a good government.