Abstract

PurposeGeneral Secretary Xi Jinping pointed out that to uphold and develop socialist political economics with Chinese characteristics, the authors should be guided by Marxist political economics.Design/methodology/approachIt is an essential methodological principle for building a theoretical system of socialist political economics with Chinese characteristics as a “systematic economic theory”.FindingsTo implement this principle, the authors need to understand the rich connotation of Marxist political economics and its relationship with socialist political economics with Chinese characteristics fully and correctly and unswervingly uphold and inherit, creatively transform and innovatively develop the theoretical achievements of Marxist economics, especially capital.Originality/valueIt is also an essential and necessary way to build a theoretical system of socialist political economics with Chinese characteristics.

Highlights

  • General Secretary Xi Jinping pointed out that to uphold and develop socialist political economics with Chinese characteristics, the authors should be guided by Marxist political economics

  • Since the 18th National Congress of the Communist Party of China (CPC), General Secretary Xi Jinping has put forward an important practical mission “Party committees and governments at all levels should learn and use political economics properly” and a significant concept “socialist political economics with Chinese characteristics”. He indicated a major principle that we must adhere to socialist political economics with Chinese characteristics in the comprehensive deepening of economic system reform

  • He criticised the statement that capital and Marxist political economics are outdated and pointed out that we must adhere to and develop socialist political economics with Chinese characteristics on the methodological principle – “Under the guidance of Marxist political economics, summarising and refining our great practical experience in reform and opening up as well as socialist modernisation while learning from the useful elements of Western economics”

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Summary

Introduction

General Secretary Xi Jinping pointed out that to uphold and develop socialist political economics with Chinese characteristics, the authors should be guided by Marxist political economics. Since the 18th National Congress of the Communist Party of China (CPC), General Secretary Xi Jinping has put forward an important practical mission “Party committees and governments at all levels should learn and use political economics properly” and a significant concept “socialist political economics with Chinese characteristics” He indicated a major principle that we must adhere to socialist political economics with Chinese characteristics in the comprehensive deepening of economic system reform. CPE 3,2 system of socialist political economics with Chinese characteristics, how to implement the vital principle of “under the guidance of Marxist political economics” is a theoretical topic worthy of in-depth study With regard to this topic, the following issues are discussed in this paper

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