On the Achievement of the Economic Development of Socialist Market Economy

Deng Xiaoping's theory on the feasibility of practicing market economy in socialist countries provides significant instructions on the strategy of realizing great economy of China.Practice has proved the theory to be practically instructive in the process of developing our economy and carrying on the policy of reform. Deng Xiaoping's development perspective built upon the construction of socialist market economy does not only extend Marxism's Historical Materialism but also attach practicality and feasibility to it.