The Contribution of the Nature of Socialism to the Socialist Market Economy System

Deng Xiaopings theory on the Nature of Socialism not only gives a new interpretation to socialism but also explains the scientifically compatible relation between socialism and market economy. It inherently stipulates the ballistic economic system and principles that the socialist market economy must follow. And it also shows the essential intimation between the socialist market economy and the capitalist market economy. In a ward, it provides theoretical foundation to the establishment of the socialist market economy system.