Public Capital Still Key in Mixed-Ownership

In 2014, economic scholars held extensive discussion on the theory and policy of “actively developing a mixed ownership economy” pushed forward in the decision on “major issues concerning comprehensively deepening reforms” approved at the third Plenary Session of the 18th Communist Party of China Central Committee.
The decision on “major issues concerning comprehensively deepening reforms” held that diversified ownership integrated by State capital, collective capital and private capital is the prime method for materializing the basic economic system. It also asserted that China’s economic system is one with public ownership serving as its main body but allowing for the development of all types of ownership. This indicates that public capital must be the main body of China’s mixed-ownership economy.