This book analyzes the characteristics of China's economic operation in the new era and explores Xi's thought on China's development. The book consists of six parts. The first part puts forward the guiding principles and main contents of political economy of socialism with Chinese characteristics in the new era; the second part conducts the epistemology and methodology; the third part reveals the big logic of the new normal of economic development from the time and space dimension; and the fourth part examines the purpose, motivation, necessary conditions and measurement scale of development according to the new development concept; the fifth part discusses the path of building a modern economic system; the sixth part focuses on what China Wisdom and China solution could contribute to the global governance and promoting global development.

In an open world, the socialist political economy with Chinese characteristics features openness. If China expects to participate and play a leading role in the governance of global economy in economic globalization, it needs to adopt a common discourse to foster its economy to 'go global.' The common discourse can be obtained in a market economy as well as among developing countries eager to seek development. This book attempts to theorize the socialist political economy with Chinese characteristics by absorbing critically the well-established economic theories worldwide. The selective learning of western economics in terms of theories and categories is based on China's full confidence in the theory, path and system with the adherence to the core socialist values as a presupposition. The author argues that the socialist political economy with Chinese characteristics in the new era is a Marxist political economy in contemporary China. The book clearly states that the construction of its theoretical system should combine Marxist theories with China's practice, especially after the reform and opening-up; progress with the times and target the principal social contradiction in the new era; and address China's challenges in growing stronger, or in other words, modernization.This book is a valuable reading on the new development of the various schools of thoughts on China's political economy over the last few decades. It can be used as a textbook for college students, researchers, and practitioners in the fields of economics, China studies, politics and sociology.

This comprehensive, interpretive economic history presents the dramatic recent changes in China's approach to economic organization and development in an historical context.

Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.

This book covers the whole system of Socialism with Chinese Characteristics, dealing with Deng Xiaoping’s theory, the socialist market economy, a moderately well-off (Xiaokang) society, China’s practice and theory of socialist democracy, human rights, and Xi Jinping’s Marxism. In short, the resolute focus is the Reform and Opening-Up. Socialism with Chinese Characteristics is one of the most important global realities today. However, the concept and its practice remain largely misunderstood outside China. This book sets to redress such a lack of knowledge, by making available to non-Chinese speakers the sophisticated debates and conclusions in China concerning socialism with Chinese Characteristics. It presents this material in a way that is both accessible and thorough.