Abstract
Purpose Xi Jinping’s speech on the theme of “Continuously Exploring the New Zeitgeist of Marxist Political Economy in China,” dated back to November 2015, has illuminated the historical background, social roots, practical basis, basic characteristics, Zeitgeist, ideological realm and other issues relative to the development of “Systematic Economic Theory” with Chinese characteristics (hereinafter referred to as SETCC). The paper aims to discuss these issues. Design/methodology/approach Exploring the SETCC marks a fundamental postulation for the development of contemporary Chinese Marxist political economy, and an important indicator of the Chinese wisdom thereof. Findings Unswervingly adhering to the new development concept as the leading factor, General Secretary Xi Jinping’s elucidation of the theoretical propositions and practical topics of building a modern economic system has, starting from the five aspects of development mainline, strategic support, fundamental approach, necessary road and institutional guarantee, and their interrelationships, unfolded new connotations and opened up a new realm of Xi’s New Economic Zeitgeist with new explorations on the structure and system of SETCC. Originality/value This paper first explains the development of Xi Jinping’s economic thoughts and reveals its systematization characteristics.
Highlights
Xi Jinping’s speech on the theme of “Continuously Exploring the New Zeitgeist of Marxist Political Economy in China,” dated back to November 2015, has illuminated the historical background, social roots, practical basis, basic characteristics, Zeitgeist, ideological realm and other issues relative to the development of “Systematic Economic Theory” with Chinese characteristics
In November 2015, Xi Jinping stated in the 28th Collective Study of the Political Bureau of the CPC Central Committee: “We must seek foothold upon China’s national conditions and development practices, further study the new cases and new problems facing the world economy and China’s economy, reveal new features and new laws, refine and summarize the regular achievements of China’s economic development practice, recapitulate practical experiences into Systematic Economic Theory, constantly explore the new realm of contemporary Chinese Marxist Political Economy, and contribute Chinese wisdom to the innovation and development of Marxist Political Economy.”
Since the 18th CPC National Congress, the CPC Central Committee led by Comrade Xi Jinping has continued to write a “new chapter” on the “Second Coupling” and has persisted that the basic principles of Marxist Political Economy be combined with the new practice of reform and opening up in the new era to advance socialist political economy with Chinese
Summary
Xi Jinping’s speech on the theme of “Continuously Exploring the New Zeitgeist of Marxist Political Economy in China,” dated back to November 2015, has illuminated the historical background, social roots, practical basis, basic characteristics, Zeitgeist, ideological realm and other issues relative to the development of “Systematic Economic Theory” with Chinese characteristics (hereinafter referred to as SETCC).
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