Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/319461 
Authors: 
Year of Publication: 
2023
Citation: 
[Journal:] China Political Economy (CPE) [ISSN:] 2516-1652 [Volume:] 6 [Issue:] 1 [Year:] 2023 [Pages:] 2-16
Publisher: 
Emerald, Leeds
Abstract: 
Purpose - Since the core issue of Chinese economics is to elucidate the logical relationship between socialism and the market economy, it necessitates a robust foundation for microeconomic analysis to uncover the behavioral patterns and characteristics of microeconomic agents in a socialist market economy and identify the conditions and methods for the functioning of market mechanisms. Design/methodology/approach - The core issue of microeconomics with Chinese characteristics is to identify the economic logic of how market mechanisms play a decisive role in resource allocation under the basic socialist economic system based on China's reform. Findings - The core issue in building the foundation of microeconomic analysis of Chinese economics is addressing the compatibility issue between SOEs and a market economy. Originality/value - In the author's view, this can be achieved under the logic of classified reform so as to build the microeconomic foundation for the effective functioning of a socialist market economy.
Subjects: 
Chinese economics
Classified reform
Foundation of microeconomic analysis
Market mechanism
State-owned enterprise
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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