Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/319396 
Authors: 
Year of Publication: 
2019
Citation: 
[Journal:] China Political Economy (CPE) [ISSN:] 2516-1652 [Volume:] 2 [Issue:] 1 [Year:] 2019 [Pages:] 73-84
Publisher: 
Emerald, Leeds
Abstract: 
Purpose The construction of a modern economic system is a symbolic and strategic choice for large developing economies on the path toward high-quality economic development. The paper aims to discuss this issue. Design/methodology/approach The overall framework aims to adhere to "One Policy and One Mainline" to build an innovation-driven, synergistic industrial system and a "with three-qualities" economic system (with efficient market mechanisms, energetic micro-agents and appropriate macroeconomic regulation). Findings The strengthening of the real economy and construction of a modern industrial system constitute the material basis for supporting this system and framework. As major decision making and theoretical innovation in empirical practice, building a modern economic system can also contribute substantially toward developing the applied economic theory of socialism with Chinese characteristics. Originality/value Building a modern economic system in China necessitates, without exception, the construction of various subsystems encompassing industrial, market, distribution, regional development, green development, open and economic institutional aspects.
Subjects: 
Economic theory innovation
High-quality development
Modern economic system
Real economy
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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