Emancipating the Thinking and Accelerating the Development of Non-Public-Owned Economy

The foundation of modern socialist economic system is a comprehensive one based on public ownership, together with other types of ownership. Non-public-owned economy is an important component of China's socialist market economy rather than the opposite of socialism or a supplement that may needed or not. Public-owned economy and non-public-owned economy altogether make up the foundation of China's basic economic system in the primary phase of socialism. To develop greatly the non-public-owned economy is the objective requirement of socialism. It will not undermine the dominant position of the public ownership. In the primary phase of socialism, the principal position of the public ownership does not necessarily mean that it occupies the predominant amount of assets in the ownership structure of the society. The principal position of public ownership must be evaluated with consideration of the unity of the quality and quality.