On Progress and Innovation of an Economic Theoretical System Characteristic of the Chinese Style

The economic theoretical system characteristic of the Chinese style is the product of integrating Marxism with the reality of contemporary China and the time.This system inherits and expands on the classical ideas of Marxist works and is rich in contents.That the success of the Chinese economic reform and economic growth can be attributed to this system is because it is based on the actual practice of the Chinese people and points to a concrete approach to combine socialism with market economy.Thus,a basic framework of the socialist market economic system has come into being.