Commonness and Differences between Chinese and Western Market Economic Systems

Anmin Chen

Abstract


The initially established market economic system in China has had several common features by comparison with those typical ones in western countries, and market mechanism has been a fundamental means for adjusting economic activities. However, in terms of ownership, scope of functioning in market subject and market mechanism, relations between government and enterprises, legal guarantee and moral constraints of market economy, the market economic system in China is still immature, and further reform is a necessary choice. Emphasis of the future reform lies in the following: to further perfect property right system, to improve macro-control policy, and to quicken political system reform so as to promote transition of government functions.

Full Text: PDF DOI: 10.5539/ass.v5n4p17

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

Asian Social Science   ISSN 1911-2017 (Print)   ISSN 1911-2025 (Online)

Copyright © Canadian Center of Science and Education 

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.