2005•Journal of Zhengzhou Institute of Aeronautical Industry ManagementRequires access

Positive Research of the Contribution of Private Economy to the Economic Growth in China

Jing Huang

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Abstract

Along with the world economic globalization and the integration,various economic systems of the economy development in different countries will be similar.The various countries have approved the high efficiency of market economy,thus the system of ownership reform and property right reform is unavoidable.Through the positive analysis of ownership system reform in China,it is discovered that the multiplex property rights can create good competition environment for the market economy.The contribution rate of the private economy in alleviating employment pressure in China,in increasing financial revenue,in prospering commodity and other aspects has gone far beyond the state economy.The productivity of workforce,capital and total factor in private economy is higher than that of state economy.Therefore,the emphasis of Chinese future economy system reform should be put on the reasonable property right arrangement.

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Along with the world economic globalization and the integration,various economic systems of the economy development in different countries will be similar.The various countries have approved the high efficiency of market economy,thus the system of ownership reform and property right reform is unavoidable.Through the positive analysis of ownership system reform in China,it is discovered that the multiplex property rights can create good competition environment for the market economy.The contribution rate of the private economy in alleviating employment pressure in China,in increasing financial revenue,in prospering commodity and other aspects has gone far beyond the state economy.The productivity of workforce,capital and total factor in private economy is higher than that of state economy.Therefore,the emphasis of Chinese future economy system reform should be put on the reasonable property right arrangement.

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Available abstract

Along with the world economic globalization and the integration,various economic systems of the economy development in different countries will be similar.The various countries have approved the high efficiency of market economy,thus the system of ownership reform and property right reform is unavoidable.Through the positive analysis of ownership system reform in China,it is discovered that the multiplex property rights can create good competition environment for the market economy.The contribution rate of the private economy in alleviating employment pressure in China,in increasing financial revenue,in prospering commodity and other aspects has gone far beyond the state economy.The productivity of workforce,capital and total factor in private economy is higher than that of state economy.Therefore,the emphasis of Chinese future economy system reform should be put on the reasonable property right arrangement.

Key concepts: Property rights, China, Economics, Competition (biology), Information economy, Market economy, Productivity, Globalization

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