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How to Allocate the “Pie” Properly
Since the reform and opening-up, China has made remarkable achievements in economic transformation and development, as the ranking of its economic...
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Mid-to-Long-Term Trends and Optimization Policy of the Ownership Composition
The practice of more than 40 years of reform and opening-up shows that unswervingly consolidating and develo** the public sector of the economy,...
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Construction and Promotion of the Demonstration Zone for Common Prosperity
The Fifth Plenary Session of the 19th Communist Party of China (CPC) Central Committee has strategically laid the groundwork for solidly advancing...
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Basic Measures for the Overall Rise of the Middle Class
Based on analyzing the importance of the all-round rise of middle class in China, this chapter presents five basic measures to realize this rise. The...
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Influence and Opportunities of Common Prosperity
Common prosperity, encompassing a comprehensive array of measures, exerts a profound influence on the economic environment and behavior of...
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Principles and Policies of Top-Level Design
Top-level design is a crucial factor in guiding economic development and reform. As China’s economy continues to grow, the interplay of risks and...
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The Rise and Fall of Socialism
The term “socialism” is relatively recent, appearing for the first time some 200 years ago in 1827 in the Co-operative Magazine in writings by some...
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Preface
Common prosperity has for long been a social and economic ideal for the Chinese. In the ancient periods of the Spring and Autumn and the Warring...
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Using the New Development Philosophy for Guiding the New Normal
Formulated on the basis of the “Recommendations of the Central Committee of the Communist Party of China (CPC) for the 13th Five-Year Plan for...
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Will China Fall into the “Middle Income Trap”?
As the 2008 financial crisis unfurled with its impact on global trade and economy, China also saw a transition. The country’s high (even super high)...
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Overcoming the Middle-Income Trap Requires Improving the Economic Governance Capability
General Secretary ** pointed out in his report to the 19th CPC National Congress: “As socialism with Chinese characteristics has entered a...
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Divergence and Convergence: Paul Samuelson on Economic Development
The theory of economic development was an exception to Paul Samuelson’s claim of being a “generalist” in economics. It was a hard subject to tackle...
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Behavioral Economics, Evolution, and the Human Brain
As early as the late 1950s with the work of Herbert Simon, psychologists began questioning the value of unbounded rationality in economic modeling,...
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The Production-Process of Capital
From beneath the motion of industrial capital where it has so far remained hidden now emerges the production of use-values in general. The latter...
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The World of the Revisionist
It began in 1952 with the New Fabian Essays. It continued in 1956 with The Future of Socialism. By 1958 it was history: ‘The "revisionist" period is...
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Industrial Policy
Macroeconomic policies are designed to affect the overall economic climate such as the levels of savings, investment, inflation and unemployment by...
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