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  • © 2019

The Basic Economic System of China

  • Provides a clear explanation why china adopts public sector remaining dominant and diverse sectors of the economy developing side by side as basic economic system
  • The data, illustrations and other materials are the most recent ones and it will attract scholars and general readers to explore the development of the China’s basic economic system
  • Proposes reform incentives for China’s basic economic system

Part of the book series: China Governance System Research Series (CGSRS)

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xxviii
  2. Quantitative Analysis

    1. Front Matter

      Pages 1-1
    2. Rethinking Economic Theories

      • Changhong Pei, Chunxue Yang, Xinming Yang
      Pages 23-43
    3. General Trend in the Structural Adjustment of Ownership and the Current Situation

      • Changhong Pei, Chunxue Yang, Xinming Yang
      Pages 45-96
    4. Methods to Estimate Ownership Structure: A Literature Review

      • Changhong Pei, Chunxue Yang, Xinming Yang
      Pages 97-109
    5. Quantitative Estimation on Dominance of China’s Public Economy

      • Changhong Pei, Chunxue Yang, Xinming Yang
      Pages 129-167
  3. Discussion on Policies

    1. Front Matter

      Pages 169-169
    2. Perfecting Laws to Fully Protect Property Rights

      • Changhong Pei, Chunxue Yang, Xinming Yang
      Pages 171-181
    3. Rationalizing Institutional Mechanisms, Developing Mixed Ownership

      • Changhong Pei, Chunxue Yang, Xinming Yang
      Pages 183-192
    4. The SOE Reform in China’s New Normal: Problems and Suggestions

      • Changhong Pei, Chunxue Yang, Xinming Yang
      Pages 193-205
    5. Carrying on the Reform to Promote Development of the Non-publicly-owned Economy

      • Changhong Pei, Chunxue Yang, Xinming Yang
      Pages 207-216
  4. Back Matter

    Pages 217-222

About this book

This book uses facts and data to prove that socialist public sectors are still in a predominant position in China. Based on previous research and studies, a set of methods for measuring the structure of public or non-public owned economy is offered in this book. As is remarked by the authors, China’s basic economic system, namely the system with the public sector remaining dominant and diverse sectors of the economy developing side by side, represents an efficient approach towards mutual benefit, common prosperity and peaceful co-existence.

Authors and Affiliations

  • Institute of Economics, Chinese Academy of Social Sciences, Beijing, China

    Changhong Pei, Xinming Yang

  • Capital University of Economics and Business, Beijing, China

    Chunxue Yang

About the authors

Professor Changhong Pei


Professor of Chinese Academy of Social Sciences (CASS), former Director-General of the Institute of Economics of CASS, member of the Academic Committee of the University of CASS, member of the National Committee of the 12th CPPC.
He joined the working group for drafting the Report of Governmental Works in the past. Currently he is a member of Evaluation Group of Theoretical Economies of the 7th Degree Committee under the State Council, and policy consulting member for the Ministry of Commerce, and policy consulting member for Beijing Municipal Government and consulting member of China’s Standardization committee under National Administration of Quality and Technology.


Professor Chunxue Yang 


Professor of Capital University of Economics and Business, He has long been engaged in the research on political economies and China’s open economy fields.


Researcher Xinming Yang 


Researcher of the Institute of Economics of CASS, Editorial director of Economic Perspectives.




Bibliographic Information

  • Book Title: The Basic Economic System of China

  • Authors: Changhong Pei, Chunxue Yang, Xinming Yang

  • Series Title: China Governance System Research Series

  • DOI: https://doi.org/10.1007/978-981-13-6895-0

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: China Social Sciences Press and Springer Nature Singapore Pte Ltd. 2019

  • Hardcover ISBN: 978-981-13-6894-3Published: 04 July 2019

  • Softcover ISBN: 978-981-13-6897-4Published: 14 August 2020

  • eBook ISBN: 978-981-13-6895-0Published: 14 June 2019

  • Series ISSN: 2662-3048

  • Series E-ISSN: 2662-3056

  • Edition Number: 1

  • Number of Pages: XXVIII, 222

  • Number of Illustrations: 12 b/w illustrations, 27 illustrations in colour

  • Additional Information: Jointly Published with China Social Sciences Press

  • Topics: Asian Economics, Macroeconomics/Monetary Economics//Financial Economics, Public Economics

Buy it now

Buying options

eBook USD 89.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 119.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access