The financial crisis and economic crisis in the western countries is not only the crisis of development pattern of western capitalism, but also the representation of the disadvantage of Chinese traditional pattern of development. While transforming the economic development pattern, we must adhere to the principle of "Chinese Path". First, we must consolidate and improve the socialism fundamental economic system, consolidate and develop the socialist public economy as the mainstay,and encourage and guide the development of private economy; second, we must strengthen and improve the national macro control, improve the role market and government play in adjusting, strengthen the long-term planning and adjusting, improve the role government play in micro-planning and macro-control, effectively "control the capital", give full play to the role of social adjustment and ethic adjustment, make up for the "market failure" and "government failure", comprehensively consider the international and domestic situation and improve the government capacity for coping with changes in international situation.
|Translated title of the contribution||Adhere to the Principle of "Chinese Path" while Transforming the Pattern of Economic Development|
|Original language||Chinese (Simplified)|
|Number of pages||4|
|Publication status||Published - 2010|
- economic development pattern
- Chinese Path
- socialism fundamental economic system