On Capitalist and Socialist Mixed Ownership

Enfu Cheng, Changan Xie

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Mixed ownership is an ownership in which property belongs to two or more owners of different natures. As a product of the basic contradiction of capitalism, the Western mixed ownership is the main form of the contemporary capitalist economy, but it fails to fundamentally change the nature of capitalism. The mixed ownership in the socialist market economyis a product of continuous exploration of how to develop China's economy, therefore it has a different
nature from that of the Western countries. To develop a mixed economy, China has to ensure prevention in six aspects: loss of state-owned assets, monopoly of foreign capital, one-way share participation or holding by non­ public capital, weakening the RMB internationalization, focusing only on mixed ownership, and weakening the leading role of the state-owned sector.
Published - 2015


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