Purpose At present, the Chinese economy has entered the "new normal" phase with the transformation of development stages from the low-income to the middle-income ones. Accordingly, there appear a series of innovations in development theories. Innovations involve creative destructions. Therefore,...

Purpose As the essential requirement of socialism with Chinese characteristics, common prosperity stands for both the goal of and the approach to economic growth. Shared development is a new stage of the process of common prosperity. From the perspective of economic growth, it requires the low-...

Purpose In the process of reform, although every landmark theoretical breakthrough is marked by the speech of the highest leadership of the Communist Party of China (CPC) or the decision of the CPC National Congress, each breakthrough is attributable to the theoretical contribution made by the...

Purpose - During the Communist Party of China's endeavors over the past century, China has created "two miracles," namely, large-scale and rapid economic development and long-term social stability. Design/methodology/approach - The causes for China's achieving the "two miracles" lie in the...

Purpose - Poverty alleviation has been a major theme of China's modernization process since the founding of New China. This paper points out that China's poverty alleviation process presents three stylized facts: "Miraculous" achievements of poverty alleviation have been made on a global scale;...

Purpose During the process of reform and opening-up, the structural transformations of the Chinese economy have two significant leaps forward and demonstrate a process of "rural area-industrialization (urban industry and rural industry)-urbanization" development powered by the main engine of...

Purpose The purpose of this paper is based on China's economic fundamentals. Factor input, structural optimization and institutional reform, which determine the fundamentals of China's economic development, will actively prop up long-term, sustained and stable growth of the Chinese economy and...

Purpose The relationship between government and market is the key to the economic development performance of market economy countries. Due to the limits such as the state/market dichotomy, the focus on static allocation efficiency and the ignorance of the diversity of the market economy and the...