Commonness and Differences between Chinese and Western Market Economic Systems

The initially established market economic system in China has had several common features by comparison with those typical ones in western countries, and market mechanism has been a fundamental means for adjusting economic activities. However, in terms of ownership, scope of functioning in market subject and market mechanism, relations between government and enterprises, legal guarantee and moral constraints of market economy, the market economic system in China is still immature, and further reform is a necessary choice. Emphasis of the future reform lies in the following: to further perfect property right system, to improve macro-control policy, and to quicken political system reform so as to promote transition of government functions.