Practices of economic reform and development of economics in China

Since the Third Plenary Session of the 11th Central Committee of the Communist Party of China, on the basis of achievements made in revolution and construction after the foundation of the New China, China has successfully explored the new road for socialist economic development with Chinese characteristics. Since the time of Reform and Opening Up, Chinese economy and society have been exposed to profound changes and rapid development; it attained rare development miracles along human history, made historical contributions to world development and provided extremely typical and rich materials for the development of contemporary economics. The primary task for the construction of economics of China lies in adhering to and developing Marxism political economics or economics and promoting Chinization and modernization of Marxism economics. Marxism is a science subject to constant development. Marxist economics was generated and developed through constant dialogue and confrontation with western bourgeois economics.