Abstract
Professor Chengxun Yang has deepened study of the economics of socialism with Chinese characteristics. With “serving the people” as his goal, and “only the truth” as his sole reference point, he has extracted the essence of Lenin's thoughts on commodity production after a socialist revolution. He has proposed theories on developing socialist commodity economy in its early stages, and he has elaborated the mechanisms and forms of the “two leaps” in rural economy, which were originally proposed by Deng Xiaoping in 1990. Based on empirical studies, he has revealed profound contradictions in reforming state-owned enterprises. He has engaged in study of the economy of the Yellow River Basin. Prof. Yang also established a new discipline of the economics of science and technology under socialism with Chinese characteristics, within the framework of maintaining and advancing Marxist economics.
Highlights
With “serving the people” as his goal, and “only the truth” as his sole reference point, he has extracted the essence of Lenin’s thoughts on commodity production after a socialist revolution. He has proposed theories on developing socialist commodity economy in its early stages, and he has elaborated the mechanisms and forms of the “two leaps” in rural economy, which were originally proposed by Deng Xiaoping in 1990
He has revealed profound contradictions in reforming state-owned enterprises. He has engaged in study of the economy of the Yellow River Basin
He enrolled at Renmin University of China in 1959. He began research in a local university and publicity work in a provincial news office. He transferred to the Henan Academy of Social Sciences in 1980, and began to teach at the Henan University of Economics and Law in 2000
Summary
Based on a profound knowledge and analysis of history and on concrete conditions, Prof. Yang proposed early on to vigorously develop multi-level ownership, and called for creating a good environment and allowing non-public businesses full play in the market economy, especially in the expansion of employment. He argued that state guidance, supervision and education should be strengthened to promote legitimate businesses and develop an honest environment for them. Yang emphasized that while socialist market economy is implemented in China, state-owned enterprises are by no means a luxury but an important symbol and the pillars of this economy, which can be called “the primary subjects.”. They call for judging any development by whether it promotes the growth of the productive forces in a socialist society, increases the overall strength of the socialist state, and raises the people’s living standards, so as to open new horizons for our cause
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