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Volume 58 Issue 7
July 2026
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Citation: LIU Wei. Several Important Theoretical Issues Needing Further Clarification for the Growth and Expansion of the Private Economy[J]. Academic Monthly, 2026, 58(7): 41-53. shu

Several Important Theoretical Issues Needing Further Clarification for the Growth and Expansion of the Private Economy

  • The development of the private economy in China constitutes a pivotal component and essential element in the theoretical and practical exploration of the basic economic system of socialism with Chinese characteristics, particularly in the advancement of the socialist market economy. As China enters a new historical juncture of development, there is an increasingly urgent imperative to apply the new development philosophy, foster a new development paradigm, and achieve high-quality development-which in turn imposes profound historical requirements for building a high-standard socialist market economy. The private economy now confronts both new historic opportunities and challenges, alongside a series of emerging developmental and institutional contradictions. These issues demand in-depth discussions from a fundamental theoretical perspective. Guided by General Secretary Xi Jinping's discourses on the private economy, this paper analyzes the evolution and drivers of private economic development, identifies the key issues and requirements for its further growth, and explores core theoretical questions:the inherent unity and competitive equality between the private economy and the socialist market economy; the objectivity of private enterprise development and the particularity of their governance structures; and the historical rationality and legality of private capital's participation in income distribution based on production factors.
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    1. [1]

      YANG Dian ,  DONG Shuhao . The Social Construction of Economic Value——Evidence from Financial Markets, with a Discussion on Building a Valuation System with Chinese Characteristics. Academic Monthly, 2026, 58(1): 131-146.

    2. [2]

      ZHANG Jun ,  FANG Hongsheng . Intergovernmental Fiscal Relations and Economic Growth. Academic Monthly, 2026, 58(8): 70-90.

    3. [3]

      SHEN Yifei . Theoretical Genealogies of the Emotional Economy and the Chinese Context. Academic Monthly, 2026, 58(7): 129-142.

    4. [4]

      DI Jinhua ,  XIAO Mingjia . The Production of Flexibility in Local Governments and the Softening of Budgetary Constraints——An Analysis Based on Township-Owned Enterprises in Xixiang. Academic Monthly, 2026, 58(1): 147-157.

    5. [5]

      ZHAO Lin ,  ZHANG Boyu ,  LIANG Hua . The Relationship Between Monopoly and Innovation in Information Product Markets——A Growth Network Perspective. Academic Monthly, 2026, 58(7): 64-76.

    6. [6]

      LEI Lei . Methodological Standpoint of Digital Jurisdiction: Functionalism, or Normativism?. Academic Monthly, 2026, 58(1): 108-119.

    7. [7]

      NI Liangkang . The Philosophy of History of “New Idealism” after Hegel: Neo-Hegelianism. Academic Monthly, 2026, 58(7): 12-22.

    8. [8]

      WEN Jun . From Technical Tokens to Social Tokens: the Ontological Construction of Token Sociology. Academic Monthly, 2026, 58(8): 145-156.

    9. [9]

      HE Lei . What Is Kant's “Problem of the Thing-in-Itself”——With a Concurrent Critique of Mou Zongsan's Assertion and Li Minghui's Defense. Academic Monthly, 2026, 58(3): 31-40.

    10. [10]

      YU Jianxing ,  LIU Yuxuan . Beyond the Outside Observer: Repositioning the Social Sciences in the Era of Large Language Models. Academic Monthly, 2026, 58(7): 77-89.

    11. [11]

      ZANG Leizhen ,  LI Wei . Bringing Context Back in——The Root Metaphor of the “Bringing Back” Approach in Social Science Research. Academic Monthly, 2026, 58(1): 84-93.

    12. [12]

      LU Mingjun . Simulacra, Pattern Recognition, and Computational Formalism——Reflections on the Application of AI in Artistic Practice and Art History Research. Academic Monthly, 2026, 58(8): 41-55.

    13. [13]

      ZHOU Mujun . Between Theory and Empirical Facts: Habermas and the Sociological Debate on the Public Sphere. Academic Monthly, 2026, 58(8): 157-170.

    14. [14]

      DING Huiping . Invisible Governance and the Rebuilding of Local Social Order: A Historical Sociology Analysis of Qi Biaojia's Famine Relief Action in Late Ming Dynasty. Academic Monthly, 2026, 58(3): 143-154.

    15. [15]

      MA Xuejun . The Echoes of Yan Fu's Thought among Republican-Era Sociologists——Based on the Writings of Tao Menghe,Pan Guangdan,Lin Yaohua,and Fei Xiaotong. Academic Monthly, 2026, 58(3): 132-142.

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        Several Important Theoretical Issues Needing Further Clarification for the Growth and Expansion of the Private Economy

        Abstract: The development of the private economy in China constitutes a pivotal component and essential element in the theoretical and practical exploration of the basic economic system of socialism with Chinese characteristics, particularly in the advancement of the socialist market economy. As China enters a new historical juncture of development, there is an increasingly urgent imperative to apply the new development philosophy, foster a new development paradigm, and achieve high-quality development-which in turn imposes profound historical requirements for building a high-standard socialist market economy. The private economy now confronts both new historic opportunities and challenges, alongside a series of emerging developmental and institutional contradictions. These issues demand in-depth discussions from a fundamental theoretical perspective. Guided by General Secretary Xi Jinping's discourses on the private economy, this paper analyzes the evolution and drivers of private economic development, identifies the key issues and requirements for its further growth, and explores core theoretical questions:the inherent unity and competitive equality between the private economy and the socialist market economy; the objectivity of private enterprise development and the particularity of their governance structures; and the historical rationality and legality of private capital's participation in income distribution based on production factors.

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