Exploration of Market System in China: An Economic Sociological Perspective
Fu Ping1 Duan Xinxing2
(1. School of Sociology, Faculty of Political Science, Central China Normal University,Wuhan 430079;2. School of Social and Behavioral Sciences, Nanjing University, Nanjing 210008)
Abstract:Based on the political-cultural perspective of economic sociology, this work examines the exploration and practice of the socialist market economy system with Chinese characteristics since the reform and opening up, with close attention to the interaction between government and market and the political-cultural mechanisms that make the dominant enterprises in market competition. China's socialist market economy system has gone through the stages of its initial establishment, improvement, and deepening reform. Throughout the continuous evolution of the market, political and cultural factors have been intertwined, deeply embedded in market practices since the reform and opening up, and shaped these practices. The central government has consistently been a crucial actor in constructing the basic form of market system, as well as the rules and processes of market competition. The political-cultural mechanisms have also constructed the segmentation within the factor and product market, directly shaping the formative mechanism and market competition mechanism of state-owned and private enterprises in dominance. The strategy of building a unified national market is a new starting point for perfecting the market system in the context of Chinese path to modernization. It demonstrates the unique institutional civilization of China's market governance, but there are still significant challenges such as reforming the conceptions of market control and breaking local protectionism, which will be a lasting and deep reconstruction process of politics-culture.