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Developing Contemporary Marxist Political Economics

Submit Time:09-12-2015 | Source:Guangming Daily | Zoom In | Zoom Out

On the afternoon of November 23, the Political Bureau of the CPC Central Committee held the 28th group study of basic principles and methodology of Marxist political economics. Xi Jinping, general secretary of the CPC Central Committee, presided over the study and stressed we should reveal new characteristics and rules, extract and summarize the regular achievements in China’s economic development practice, systemize the practical experience into economic theories and continue to expand the scope of contemporary China’s Marxist political economics based on China’s national condition and development practice of China.

Xi indicated that to study basic principles and methodology of Marxist political economics would help us master scientific economic analysis methods, understand the procedure of motion of economy, grasp laws of social and economic development, promote capabilities for managing socialist market economy, better answer theoretical and practical questions on China’s economic development and raise China’s economic development capabilities and levels in the complicated domestic and international economic situations and in the face of complex economic phenomena. 

Xi pointed out from the Third Plenary Session of the 11th CPC Central Committee on, our Party has combined the basic principles of Marxist political economics with new practices of reform and opening up, continuously enriched and developed Marxist political economics, and accomplished many important theoretical achievements of contemporary China’s Marxist political economics, e.g., theory on the essence of socialism, theory on basic economic system of primary stage of socialism, theory on creation and implementation of development concepts of innovation, coordination, greening, opening up and sharing, theory on developing socialist market economy and making the market play a decisive role in the resources allocation and the government play a better role, theory on China’s economy development in new normal, theory on promoting mutual coordination among new-type industrialization, informatization, urbanization and agricultural modernization, theory on making good use of domestic and international markets and two kinds of resources, theory on improving social equity and justice and gradually achieving the common prosperity of all people, etc.. These theoretical results are of the political economics in line with the current China’s national conditions and characteristics of the times, and they not only guide China’s economic development practice, but also expand the scope of Marxist political economics. 

Xi also noted practice is the source of theory. China witnessed great economic development and has accomplished remarkable achievements, all of which can give impetus to, vitalize and make possible the creation of theories. Therefore, it is necessary to conduct in-depth study on new conditions and new problems facing the world and China’s economy as part of efforts to contribute Chinese wisdom to the innovation and development of Marxist political economics.