Twenty-eighth Collective Study of the Political Bureau of the Eighteenth CPC Central Committee

On November 23, 2015, the Political Bureau of the CPC Central Committee conducted the 28th collective study on the basic principles and methodologies of Marxist political economy.

Xi Jinping, General Secretary of the CPC Central Committee, presided over the study and delivered a speech. He pointed out that Marxist political economy is an important part of Marxism and also a compulsory course for us in adhering and developing Marxism.

Since the Third Plenary Session of the Eleventh Central Committee of the Communist Party of China, our Party has combined the basic principles of Marxist political economy with the new practice of Reform and Opening-up, constantly enriched and developed Marxist political economy, and realized many important theoretical achievements in the development of contemporary Chinese Marxist political economy. These theoretical achievements were realized by adapting the basic principles of political economy to China’s conditions and the characteristics of the times, they have not only effectively guided China's practice of economic development but also opened up a new realm in the development of Marxist political economy. The aim of studying Marxist political economy is to better guide the economic development practice of our country, we should not only adhere to its basic principles and methodology, but also integrate it with the reality of China's economic development and constantly accomplish new theoretical achievements. We should adhere to the people-centered philosophy of development, it is the starting point and foothold of economic development to promote people's well-being, people's all-round development and steadily advance towards the goal of common prosperity.

We should adhere to new development concepts of innovation, coordination, green, open and shared development which are the sublimation of China's perceptual knowledge gained in the practices of economic development and the theoretical summary of these practices. We must persist in applying the new development concept to lead and promote China’s economic development, constantly solve the tricky problems we face and create a new situation and a fresh progress in economic development.

We should adhere to and improve our basic economic system, unswervingly consolidate and develop the public sector of the economy, unswervingly encourage, support and guide the development of non-public economy, and promote all kinds of ownership economies to complement each other's strengths and weaknesses, so that they can promote each other and develop together, and at the same time, the dominant position of public ownership and the leading role of state-owned economy should not be shaken. We should adhere to and improve the basic distribution system, strive to promote the simultaneous growth of both the residents' income and economic growth, the increase of labor remuneration and the increase of labor productivity, besides constantly improve the system, mechanism and specific policies for urban-rural integrated development, adjust the distribution pattern of national income, continue to increase the income of urban and rural residents, and constantly narrow the income gap between the two.

We should adhere to the direction of socialist market economy reform, adhere to dialectics and the two-point theory continue to put great effort on the combination of basic socialist system and the market economy, and give full play to the advantages of both. We should adhere to the basic national policy of opening to the outside world, be good at coordinating the domestic and international overall situations, make good use of markets and resources both at home and abroad, develop a higher level of open economy, actively participate in global economic governance, resolutely safeguard China's development interests, actively guard against various risks and ensure national economic security. He emphasized that we should seek foothold upon China’s national conditions and development practices, further study the new cases and new problems facing the world economy and China’s economy, reveal new features and new laws, refine and summarize the regular achievements of China’s economic development practice, elevate our practical experiences into systematic economic theory, and constantly explore and open up a new realm of contemporary Chinese Marxist political economy. Comrades from the Political Bureau of the Central Committee participated in the study and discussed relevant issues.