The fundamental criterion of the three favorables put forward by Deng Xiaoping is the basi才theoretical foundation on which China s current ownership structure is established and improved, one where public ownership is dominant and diverse forms of ownership coexist.What is critical for properly handling the relationship between the public and non-public economies and coordinating them within the great practice of constructing socialism with Chinese characteristics is adherence to the dominance of public ownership together with ceaseless exploration and active adoption of effective means to realize public ownership .Public assets account for a dominant proportion in the overall assets of the society.Their dominance in terms of quantity should mean mainly that net public business assets account for a dominant proportion of society s overall net business assets, while their dominance in terms of quality should be seen in the ability of the socialist economy to yield much higher labor productivity than the capitalist economy. It is imperative for us to correctly understand and grasp the distinctive features of the position of the state-owned economy in the framework of the socialist market economy, rationally map out and continuously optimize its position and structure, endeavor to nurture a group of internationally competitive large-scale state-owned or state-controlled enterprises or enterprise groups, and further bring into play the dominant role of the state-owned economy.
|Original language||Chinese (Simplified)|
|Number of pages||18|
|Publication status||Published - 2008|