Theoretical Course of the Transition to Socialist Market Economy

China has been pushing forward the market-oriented reform since the implementation of reform and open-up policies.The theoretical guidance for the early stage of the reform paved the way for formation of the theoretical guidance in the latter stage.The point of departure for the market-oriented reform was the prevalent planned economy assisted by market economy in the early years.The reform broke through the traditional planned economy and achieved a great advance in the history of socialist economic theories.With the progress of the reform both in theoretical studies and in practice,this achievement has kept on increasing and eventually the vital transition towards socialist market economy was realized.