International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

A Discussion about the Development of Socialist Market Economic System with the Transformation of Government Function
Wang Yuan, Wang Zuojun

Since the establishment of the socialist market economic system on the 14th Chinese Communist Party Congress which was held in 1992, the relationship between government and market remains the core issue in the modern society. No matter how one side trades off and the other side takes turns, both of the government and the market should present their collaboration in the social and economic development. This paper reviews the development of China with the socialist market system since the reform and opening up. Meanwhile, on the basis of deepening the transformation of government functions and the development of socialist market system, many problems are pointed out existing in the transformation of government functions and coordinating the development of the market system, and some relevant proposals are put forward.

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